George Santos settles with CFTC over Kalshi bets
- Santos settled CFTC claims over Kalshi trades.
- He will pay about $35,070 in penalties and disgorgement.
- He is banned from prediction markets for three years.
Former US congressman George Santos has settled with the Commodity Futures Trading Commission over trades on Kalshi prediction markets linked to his attendance at the 2026 State of the Union address. Regulators said he made misleading social-media posts about his plans, moving contract prices in ways that benefited…