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Person

George Santos

Former Republican U.S. Representative from New York, expelled from Congress in 2023 after fraud allegations and later convicted of federal crimes.

Known aliases

  • Santos

Current stories

investOne report1 publisher

Kalshi's CEO points to a manipulation case to argue open trading catches insiders

Kalshi CEO Tarek Mansour said on October 14 that public trade data makes insider trading easy to catch, citing a case that drew about 100 complaints. The CFTC order against Santos was for manipulation, and New Jersey has asked the Supreme Court to review state authority over the contracts.

Publishers:crypto.news

Reality

Evidence58
Adoption
Not scored
Hype gap+30
Incentives70
Confidence60
investConfirmed3 publishers

Kinzinger's $823 from bets on his own pardon draws a CFTC inquiry, Politico reports

Former Representative Adam Kinzinger is under CFTC investigation over Kalshi bets on his own pardon that made him $823, Politico reported. Exchanges listing markets on named people must now decide whether being a contract's subject is enough to bar a trade.

Perspective Coverage

3 publishers
Builder
Builder 12%
Operator
Operator 48%
Investor
Investor 40%

Reality

Evidence55
Adoption
Not scored
Hype gap+10
Incentives60
Confidence60
productOne report1 publisher

Selig signed three unreported Polymarket investigation orders between May and July

Wired's FOIA request turned up CFTC voting records for private investigations into pardon, Iran and Google contracts. Two of the three were signed within weeks of a broadcast report on the same trades.

Publishers:wired.com

Reality

Evidence68
Adoption
Not scored
Hype gap+5
Incentives45
Confidence62
scienceOne report1 publisher

CFTC staff tell exchanges to justify each contract that settles on one person's words

The Division of Market Oversight's September 22 advisory leaves mention markets legal, and it tells exchanges that a contract settling on one named person's conduct starts from a heightened manipulation risk they must answer contract by contract.

Publishers:cryptotimes.io

Reality

Evidence62
Adoption40
Hype gap+12
Incentives55
Confidence58
investConfirmed7 publishers

Kalshi fined Santos exactly four times the $17,839 he made betting on his own attendance

The exchange's penalty came in at roughly double the CFTC's settlement over the same trades, which makes this the first case where a prediction-market venue priced its own integrity failure higher than its regulator did.

Perspective Coverage

7 publishers
Builder
Builder 15%
Operator
Operator 49%
Investor
Investor 36%

Reality

Evidence84
Adoption71
Hype gap+14
Incentives62
Confidence79
investConfirmed3 publishers

Kalshi's own surveillance desk supplies the CFTC with a second event-contract settlement in four weeks

Both of the CFTC's event-contract settlements began as Kalshi referrals, so the exchange is now funding securities-style trade surveillance in the same week the Ninth Circuit declined to shield it from Nevada gambling law.

Perspective Coverage

3 publishers
Builder
Builder 12%
Operator
Operator 35%
Investor
Investor 53%

Reality

Evidence78
Adoption63
Hype gap+14
Incentives55
Confidence71