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Home›Crypto›Regulation›George Santos settles CFTC case tied to Kalshi State o…

George Santos settles CFTC case tied to Kalshi State of the Union bet

The CFTC settlement requires Santos to pay $35,000 over trades related to Kalshi’s State of the Union market.

Reported · Written up by our desk · Regulation

The Block reports that former U.S. Rep. George Santos agreed to pay $35,000 to settle a U.S. Commodity Futures Trading Commission matter.

The settlement relates to trades Santos made on Kalshi connected to the State of the Union.

The Block said the case stems from how those trades were handled in connection with the event market.

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Sources

The BlockFormer Rep. George Santos agrees to pay $35,000 in CFTC settlement over Kalshi SOTU bet

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