The Weekly Edge
Join free
Menu

Feed / Enforcement & compliance

CFTC fines George Santos roughly $35,000 for prediction market manipulation

By The Weekly Edge desk ·

Summary

Gambling Insider reported that CFTC fined former congressman George Santos approximately $35,000 for manipulating a Kalshi market. The regulator said he made misleading statements about attending the State of the Union while trading related contracts.

Why it matters

The penalty addresses misleading public statements linked to event contract trading.

Read the original at Gambling Insider

EntityKalshi
TypeCompany
Entries308
Main marketsUSA, UK
Enforcement & compliance73
Licences & markets3
Deals & M&A51
Fines recorded? 35,000; USD 35,000
Latest16 Oct 2026
Entity mapfined byleftlicensed byUSAGeorge SantosKalshiCFTCPolymarketNovig
Entities and relations reported in this entry and our coverage.

Request a correction / right of reply

Connected stories

Linked through shared companies, regulators and people, or one step further through the graph.

ShareLinkedInX