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July 31, 2026
George Santos Settles Federal Probe for $35,000 Over Betting Scandal
- Santos agrees to forfeit over $17,000 in earnings and pay a $17,500 fine.
- He faces a three-year ban from trading on prediction markets.
- Santos maintains he did not admit wrongdoing in the settlement.
4 Sources
- George Santos settles with CFTC over Kalshi betsJul 31, 2026 at 8:43 PM · The Hill
- Former congressman George Santos will pay more than $35,000 to settle a regulator’s claim that he manipulated wagers on prediction market Kalshi over whether he would attend the State of the UnionJul 31, 2026 at 10:09 PM · WSJ
- George Santos Fined Over Bets on State of the Union on Kalshi Prediction MarketAug 1, 2026 at 12:13 AM · NYT
- George Santos settles federal probe over State of the Union bets on KalshiAug 1, 2026 at 12:42 AM · Independent