Former U.S. Congressman George Santos has agreed to pay $35,000 to settle a federal investigation into trading activity on the prediction market platform Kalshi.
The settlement with the Commodity Futures Trading Commission follows allegations that Santos unlawfully traded on a Kalshi market over whether he would attend President Trump’s State of the Union address in February.
Santos posted a statement from his lawyer, Joseph Murray, on the social media platform X, saying that Santos agreed to the settlement to avoid lengthy litigation and did not admit to any wrongdoing.
The investigation was based on Santos’ trading activity before the State of the Union address.
