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George Santos Kalshi Manipulation Leads to CFTC's First Prediction Market Enforcement Order
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Read with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.1 Articles
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George Santos Kalshi Manipulation Leads to CFTC's First Prediction Market Enforcement Order
The CFTC has issued what it describes as its first-ever enforcement action alleging market manipulation in a prediction market, targeting George Santos Kalshi manipulation trades placed between 12 February and 25 February 2026 on event contracts tied to his attendance at President Trump’s State of the Union address. Under a 31 July order, Santos must disgorge $17,569.98 in trading gains, pay a $17,500 civil monetary penalty, comply with a cease-…
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