George Santos pays $35,000 to settle suspicious Kalshi trades

Published August 1, 2026 10:48am ET | Updated August 1, 2026 10:48am ET



Former New York Republican Rep. George Santos on Friday agreed to a multi-thousand-dollar settlement with the government after a federal agency investigated him for suspicious trades on prediction marketplace Kalshi.

Santos is paying $35,000 in his settlement with the Commodity Futures Trading Commission, following allegations he engaged in insider trading on whether he would attend President Donald Trump’s State of the Union speech in February. CFTC said Santos agreed to pay a civil fine of $17,500 and to relinquish over $17,569 in profits he gained from unlawful trading. Santos’ lawyer said the settlement with the CFTC  should not “be mistaken for admission of any wrongdoing,” after the agency imposed a three-year trading ban on Santos.

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