George Santos discovered market manipulation in the Kalshi market, involving payments of $350,000 due to CFTC.
2026-08-04 15:51:15
According to CoinMeta, George Santos has agreed to pay a fine of $350,000 and accept a three-year trading ban after the U.S. Commodity Futures Trading Commission (CFTC) discovered his manipulative behavior in the futures market. As per the order dated July 31, Santos is required to return $17,569.98 in trading profits and pay a civil fine of $17,500. The CFTC stated that Santos made misleading public statements during Trump's State of the Union address, which affected market prices. The investigation into this case began earlier this year, and someone (not specified in the text) reported Santos' trading activities to the regulatory authorities. When accepting the settlement, Santos neither acknowledged nor denied the findings of the CFTC.
Source:Cryptonews
This content is for market information only and does not constitute investment advice.
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