Feed / Enforcement & compliance
By SectorWire desk ·
The report said that CFTC sanctioned former US congressman George Santos for manipulating a Kalshi market about his attendance at the 2026 State of the Union. The authority required him to surrender $17,569.98 in profits it considered illicit.
The action addresses manipulation of a contract linked to Santos’s own conduct.
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Kalshi imposed a permanent ban and financial penalty over alleged manipulation involving Santos’s trading and public attendance statements.
The settlement resolves an investigation into an alleged event-contract trade involving Santos’ own attendance.
The penalty addresses misleading public statements linked to event contract trading.
The agreement resolves the regulator’s market manipulation investigation.
Reported wash trading estimates and sports betting concentration put prediction platforms’ trading integrity and younger users under scrutiny.
Kalshi’s first permanent exclusion demonstrates its enforcement response to alleged manipulation of political prediction contracts.