Santos Settles Bet Against Himself | Newark News

George Santos just paid $35K to settle a federal probe over suspicious bets he placed on Kalshi — a prediction marketplace — betting against himself attending Trump’s State of the Union. The CFTC confirmed the deal, which includes returning his $17K profit, a $17.5K fine, and a 3-year trading ban. Santos denies wrongdoing, calling it a smart move to avoid a costly legal battle. His lawyer insists he planned to attend, even booking a flight and hotel — canceling only due to a winter storm. Meanwhile, Kalshi is reviewing its own actions and may refund traders. This scandal follows Santos’ political collapse after his fake life story unraveled, leading to his expulsion from Congress — and now, he’s set to appear on a reality show this fall. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ec461565f3e03dbf