George Santos Got Busted For Manipulating Political Betting Markets—and Seems to Have Little Remorse
The Commodity Futures Trading Commission (CFTC) announced Friday that former congressman and current legend George Santos has been fined $35,000 for attempting to place bets on his own attendance of the State of the Union in February. He’s also been banned from the prediction-market platform Kalshi for 3 years.
According to the CFTC:
While buying and selling positions in this market, Santos posted on social media about his plans to attend or not attend the SOTU. In his social media posts, Santos made a series of material misrepresentations and omissions........
