{"id":2638780,"date":"2026-08-01T11:00:02","date_gmt":"2026-08-01T15:00:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/george-santos-pays-35000-to-settle-suspicious-kalshi-trades\/"},"modified":"2026-08-01T11:08:52","modified_gmt":"2026-08-01T15:08:52","slug":"george-santos-pays-35000-to-settle-suspicious-kalshi-trades","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/george-santos-pays-35000-to-settle-suspicious-kalshi-trades\/","title":{"rendered":"George Santos pays $35,000 to settle suspicious Kalshi trades"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgeorge-santos-pays-35000-to-settle-suspicious-kalshi-trades%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2638780&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Former New York Congressman George Santos agreed to a settlement with the Commodity Futures Trading Commission (CFTC) involving a $35,000 fine and the relinquishment of over $17,500 in profits from suspicious trades on prediction marketplace Kalshi. The inquiry centered on Santos&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-gop-congressman-charged-with-insider-trading\/\" title=\"Former GOP Congressman Charged With Insider Trading\">insider trading related<\/a> to a bet he placed on whether he would attend President Trump&#8217;s State of the Union address, which he ultimately did not attend.Santos profited tens of thousands of dollars from the trade, prompting the CFTC to impose a three-year trading ban, though Santos\u2019s lawyer emphasized he did not admit any wrongdoing. <\/p>\n<p>The incident arose after Santos publicly posted that he would attend the State of the Union,than placed a bet indicating he would not,leading to profitable returns when he did not appear. Kalshi flagged the trades to authorities, and the company indicated it may pursue its own enforcement actions. Santos, who previously gained notoriety for allegedly falsifying much of his background, faced multiple allegations of financial misconduct, including embezzlement, illegal benefits, and lying on disclosures, which led to his expulsion from Congress in 2023. After pleading guilty to wire fraud and identity theft,Santos was sentenced to over seven years in prison-a sentence later commuted by former President Trump.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\">Former <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/new-york\/\" data-type=\"post_tag\" data-id=\"61\">New York<\/a> Republican Rep. <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/george-santos\/\">George Santos<\/a> 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.<\/p>\n<p class=\"wp-block-paragraph\">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 <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" data-type=\"post_tag\" data-id=\"4\">Donald Trump\u2019s<\/a> 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\u2019 lawyer said the settlement with the CFTC\u00a0 should not \u201cbe mistaken for admission of any wrongdoing,\u201d after the agency imposed a three-year trading ban on Santos.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/crime\/4671919\/george-santos-pay-kalshi-trade\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>George Santos pays $35,000 to settle suspicious Kalshi trades<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/crime\/4671501\/sheriff-release-ransom-note-nancy-guthrie-to-public-reward-leads-heart-condition\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Sheriff releases two ransom notes from early in Nancy Guthrie case<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/crime\/4671004\/abigail-spanberger-reinstate-voting-rights-66000-felons\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Spanberger reinstates 66,000 felons\u2019 voting rights<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">\u201cMr. Santos has agreed to resolve the CFTC\u2019s inquiry and to put this matter behind him. Critically, and consistent with how these regulatory matters are commonly resolved, Mr. Santos has settled without admitting any of the Commission\u2019s allegations, findings, or conclusions,\u201d attorney Joseph Murray said <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/x.com\/Georgesantos\/status\/2083279419410468985\/photo\/1\">in a statement<\/a>. \u201cHe chose a prompt, practical resolution, rather than protracted, costly litigation, and that choice should not be mistaken for admission of any wrongdoing, because it is not one.\u201d<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-1\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-1\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-15\" data-wex-ad=\"art-dsk-inart-1\"><\/div>\n<\/div>\n<\/div>\n<div class=\"article-paywall\">\n<p class=\"wp-block-paragraph\">The development comes after Santos had made a public post that he would attend the State of the Union, allegedly placed a bet that he would not be there, and then did not attend. <\/p>\n<p class=\"wp-block-paragraph\">Santos profited tens of thousands of dollars from the trade, as his <a href=\"https:\/\/amzn.to\/3YuVZYV\" >social media post prompted users<\/a> to place high-value bets that the former congressman would attend, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/justice\/4593550\/george-santos-preposterous-kalshi-insider-trading-npr\/\">according to <\/a>reports. Kalshi then reportedly flagged his bets to the government, prompting CFTC\u2019s investigation.<\/p>\n<p class=\"wp-block-paragraph\">At the time, Santos dismissed accusations that he manipulated Kalshi. <\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-2\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-2\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-16\" data-wex-ad=\"art-dsk-inart-2\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">\u201cI guess people lost money,\u201d he said on his podcast in March. \u201cSome people made unexpected money. That\u2019s to show you how fragile these markets are.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Kalshi confirmed Friday that it flagged the trades for the CFTC.<\/p>\n<p class=\"wp-block-paragraph\">\u201cKalshi will also pursue its own enforcement action for violating exchange rules, and if monetary penalties are recovered, we\u2019ll work to reimburse affected traders,\u201d the company said in a statement.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-3\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-3\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-17\" data-wex-ad=\"art-dsk-inart-3\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Santos is a former Congressman from New York who made waves during his time in the House for appearing to falsify much of his life story.<\/p>\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4597406\/prediction-market-lawsuits-court-battles\/\"><strong>PREDICTION MARKET LAWSUITS SET STAGE FOR MAJOR COURT BATTLES<\/strong><\/a><\/p>\n<p class=\"wp-block-paragraph\">He was expelled from the House after serving for less than a year in 2023, following accusations that he embezzled contributions from supporters, illegally obtained unemployment benefits, and lied on financial disclosures. The House Ethics Committee also said it had uncovered evidence that Santos stole money from his own campaign and used it to buy Botox, go on shopping sprees at Sephora and Hermes, and pay for OnlyFans subscriptions.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-4\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-4\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-25\" data-wex-ad=\"art-dsk-inart-4\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Upon his resignation from Congress, Santos was sentenced in April 2025 to more than seven years in prison after pleading guilty to charges of wire fraud and aggravated identity theft. Trump later commuted his sentence in October, 2025, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/115391767709119144\">conceding that<\/a> Santos was \u201csomewhat of a rogue,\u201d but that \u201cthere are many rogues throughout our Country that aren\u2019t forced to serve seven years in prison.\u201d <\/p>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>George Santos settles $35K over Kalshi trades<\/p>\n","protected":false},"author":3142,"featured_media":2638781,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/03\/AP24068464454088-scaled.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[10680,35668,5894,4633,3855],"class_list":["post-2638780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-finance","tag-george-santos","tag-politics","tag-scandal","tag-trading"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/03\/AP24068464454088-scaled.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2638780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3142"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2638780"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2638780\/revisions"}],"predecessor-version":[{"id":2638784,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2638780\/revisions\/2638784"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2638781"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2638780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2638780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2638780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}