Former Congressman George Santos agreed to a fine of more than $35,000 to settle allegations that he illegally profited from gaming a Kalshi market on his attendance at the State of the Union this year, the Commodity Futures Trading Commission (CFTC) announced Friday.
Former U.S. Congressman George Santos has resolved a probe by the Commodity Futures Trading Commission (CFTC) by agreeing to pay a fine exceeding $35,000. The allegations involved claims of Santos benefiting unlawfully from trading on a Kalshi market related to his State of the Union attendance earlier this year.
Although Santos did not acknowledge any misconduct, he opted to settle the matter by accepting the fine imposed by the CFTC.
