NewsWSVN 7 MiamiJuly 31, 2026United States
George Santos Agrees to $35,000 Settlement Over Prediction Market Trades
Former Congressman George Santos has agreed to pay $35,000 to settle a federal investigation into his trading activity on the prediction platform Kalshi. The Commodity Futures Trading Commission (CFTC) alleged Santos profited from betting against his own public claims that he would attend President Donald Trump’s State of the Union address.
Read the full story at WSVN 7 MiamiWhy It Matters
The settlement requires George Santos to pay $17,500 in fines and forfeit $17,000 in trading profits, while also imposing a three-year ban on his participation in regulated trading markets.
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