
Santos hit with penalties and Kalshi ban over Trump SOTU bets
Federal regulators fined former Rep. George Santos more than $35,000 and banned him from Kalshi for three years after finding he profited from trades tied to President Trump’s State of the Union address; Santos placed bets on whether he would attend the speech and later said he would miss it, prompting the CFTC investigation and settlement that resolved the allegations without admitting wrongdoing.










