CFTC Orders George Santos to Pay Over $35,000 for Kalshi Trades

TLDR: George Santos will pay $35,069.98 under a CFTC settlement covering $17,569.98 in disgorged profits and a $17,500 civil penalty. The order bars Santos from prediction market trading for three years after trades tied to his State of the Union attendance. The CFTC says social posts and omitted travel updates moved contract prices favorably while [...]

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