CFTC Fines Former Rep. Santos
The former Republican congressman was ordered to pay the penalty after the Commodity Futures Trading Commission alleged he made false statements in trading.
5 Articles
5 Articles
After an investigation by the U.S. federal authorities, former Republican deputy George Santos, the son of Brazilian, was fined by the U.S. government at $35,000 (about R$178,000) for using privileged information to place bets on his presence or not in President Donald Trump's traditional state of the Union speech at the end of February. The fine comes just over a year after he was sentenced to seven years in prison for fraud and identity theft.
NEWS HEADLINES: George Santos settles CFTC probe over Kalshi prediction market trades – One America News Network
(C)Former U.S. Rep. George Santos (R-NY) on March 07, 2024 in Washington, DC. (Photo by Win McNamee/Getty Images) /(background) This photograph shows set up screens displaying the logo and home page of US based prediction market platform Kalshi. (Photo by Martin LELIEVRE / AFP via Getty Images) OAN Staff Brooke Mallory4:31 PM – Saturday, August 1, 2026 Former New York Representative George Santos has agreed to pay approximately $35,000 to resolv…
The Billion-Dollar Battle: Why States Are Crushing CFTC Prediction Markets
“`html You know, the world of finance often feels like a high-stakes poker game, but what happens when the regulators can’t agree on the rules, or even what game is being played? That’s precisely the chaotic scene unfolding right now, with the Commodity Futures Trading Commission (CFTC) locked in escalating legal skirmishes across various U.S. states. At the heart of this storm are prediction markets – platforms like Kalshi, Polymarket, Crypto.c…
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