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George Santos agrees to $35,000 settlement in federal probe over Kalshi trades

  • George Santos agreed to pay $35,000 to settle a CFTC probe after placing suspicious bets against his own attendance at President Trump’s State of the Union.
  • The settlement includes a three-year ban on trading; prediction market Kalshi reported him and says it may pursue its own enforcement and reimburse affected traders.
  • Santos — expelled from Congress amid fraud convictions, later pardoned by Trump — says he didn’t admit wrongdoing and is now set to appear on a reality TV show.
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