Former Rep. George Santos agrees to pay $35,000 in CFTC settlement over Kalshi SOTU bet
The Block·
60-second summary
Former Rep. George Santos agrees to pay $35,000 in CFTC settlement over Kalshi SOTU bet, resolving allegations of violating trading regulations. The settlement stems from trades made on Kalshi, a derivatives exchange, regarding the State of the Union address. This move highlights the CFTC's ongoing efforts to regulate crypto derivatives and prevent market manipulation.
Former expelled U.S. Rep. George Santos settled with CFTC over trades made on Kalshi about the State of the Union.