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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.