George Santos agrees to pay $35000 to settle Kalshi transaction with CFTC

According to NBC News, former Congressman George Santos has agreed to pay $35000 to settle the CFTC's investigation into his suspicious transactions on the Kalshi prediction platform. The settlement agreement includes a profit of $17000 and a fine of $17500 from the transaction, and the CFTC also imposes a three-year trading ban on George Santos. George Santos stated that reaching a settlement is to settle this matter and has not admitted any wrongdoing.