Former Congressman George Santos has agreed to a $35,000 settlement with the federal Commodity Futures Trading Commission (CFTC) over suspicious trades on the prediction marketplace Kalshi. He will forfeit over $17,000, pay a $17,500 fine, and face a three-year trading ban, while denying any wrongdoing.
Former Congressman George Santos threatened a journalist with a violent remark after a story exposed federal investigations into his trading activities on Kalshi, a prediction market site.
Polymarket is ending its contract with George Santos as federal regulators investigate him for allegedly betting against his own attendance at a State of the Union address. The probe by the CFTC stems from suspicious trades detected on Kalshi.
George Santos is under investigation by the DOJ and CFTC for allegedly rigging betting markets on Kalshi. He reportedly made tens of thousands of dollars by betting against his own appearance at the State of the Union address after falsely indicating he would attend.
Federal authorities are investigating former Congressman George Santos for alleged insider trading related to a bet placed on an online prediction market about his attendance at the State of the Union address.
George Santos is reportedly being investigated by the DOJ and CFTC for allegedly trading against his own attendance at the State of the Union on prediction market Kalshi, pocketing tens of thousands of dollars.
O ex-deputado George Santos está sob investigação por suposto uso de informação privilegiada em um mercado de previsões online, a Kalshi. A plataforma o reportou ao Departamento de Justiça e à CFTC após detectar negociações suspeitas antes do discurso de Trump em 24 de fevereiro.
The DOJ is investigating George Santos for alleged insider trading on the prediction market Kalshi. Santos reportedly bet against his own attendance at Trump's State of the Union, influencing odds after confirming his presence.
Former Rep. George Santos is reportedly under investigation for allegedly using insider information to profit from bets on the prediction market Kalshi regarding his attendance at President Trump's State of the Union address. Santos allegedly misled the public and made tens of thousands of dollars before Kalshi froze his account and reported him to regulators.
