Feed / Enforcement & compliance
By The Weekly Edge desk ·
BNLData reported that former congressman George Santos was fined in the US over betting manipulation. The report said he profited by misleading bettors through social media across two weeks.
The penalty concerns alleged misuse of social media to profit from betting.
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Kalshi imposed a permanent ban and financial penalty over alleged manipulation involving Santos’s trading and public attendance statements.
The action addresses manipulation of a contract linked to Santos’s own conduct.
The settlement resolves an investigation into an alleged event-contract trade involving Santos’ own attendance.
The order restricts Santos’s trading following the regulator’s market-manipulation finding.
The penalty addresses misleading public statements linked to event contract trading.
The agreement resolves the regulator’s market manipulation investigation.