https://www.live-feeds.com/feed/george-santos-fined-temporarily-banned-from-kalshi-prediction-marketContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/george-santos-fined-temporarily-banned-from-kalshi-prediction-markethttps://www.live-feeds.com/feed/george-santos-fined-temporarily-banned-from-kalshi-prediction-market#u36071Fri, 07 Aug 2026 14:56:47 +0000Former Representative George Santos will pay a $35,000 settlement to the Commodity Futures Trading Commission after allegations of manipulative trading on the Kalshi prediction market. The agreement requires Santos to pay a $17,500 fine and return $17,569 in profits gained from bets on the State of the Union address. A temporary ban from the platform accompanies these financial penalties. The federal probe focused on illegal trading practices Santos used to profit from political events.Why it mattersPrediction markets like Kalshi operate as peer-to-peer platforms regulated by the CFTC, disting https://www.live-feeds.com/feed/george-santos-fined-temporarily-banned-from-kalshi-prediction-markethttps://www.live-feeds.com/feed/george-santos-fined-temporarily-banned-from-kalshi-prediction-market#u31032Tue, 04 Aug 2026 02:46:05 +0000Former Representative George Santos agreed to a $35,000 settlement with the Commodity Futures Trading Commission (CFTC) following allegations of manipulative activity on the Kalshi prediction market. The settlement includes a $17,500 fine and the return of $17,569 in profits earned from bets on the State of the Union address. Santos is also temporarily banned from the platform. This federal probe targeted illegal trading practices used by the former congressman to profit from political events.Why it mattersSantos previously served a federal prison sentence for fraud and identity theft before r https://www.live-feeds.com/feed/george-santos-fined-temporarily-banned-from-kalshi-prediction-markethttps://www.live-feeds.com/feed/george-santos-fined-temporarily-banned-from-kalshi-prediction-market#u31031Tue, 04 Aug 2026 02:45:58 +0000Former Representative George Santos agreed to a $35,000 settlement with the Commodity Futures Trading Commission (CFTC) following a federal probe into his trades on the Kalshi prediction market. The settlement resolves accusations of manipulative activity regarding bets placed on the State of the Union address. Santos will return $17,569 in profits and pay an additional $17,500 fine. He has also been temporarily banned from the platform.Why it mattersThe CFTC regulates derivatives and commodity markets to prevent price manipulation. This probe follows Santos's previous legal issues, inclu