Feed / Enforcement & compliance
By SectorWire desk ·
The report said that George Santos agreed to a fine exceeding $35,000 over alleged manipulation of a Kalshi attendance contract. He did not admit wrongdoing in settling the CFTC investigation.
The settlement imposes a financial consequence without an admission of wrongdoing.
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The order restricts Santos’s trading following the regulator’s market-manipulation finding.
Kalshi imposed a permanent ban and financial penalty over alleged manipulation involving Santos’s trading and public attendance statements.
The action addresses manipulation of a contract linked to Santos’s own conduct.
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.