Former Representative George Santos has been fined $35,000 and temporarily banned from the Kalshi prediction market due to allegations of manipulative trading activities. The U.S. Commodity Futures Trading Commission (CFTC) found Santos guilty of engaging in questionable trades related to events such as the State of the Union address. This follows a federal probe into his prediction market bets, resulting in a settlement agreement where Santos acknowledges the violations. As a consequence of his actions, he has agreed to pay the financial penalty while settling the investigation.