{"id":1297,"date":"2026-08-01T18:07:16","date_gmt":"2026-08-01T18:07:16","guid":{"rendered":"https:\/\/movingandmortgagehub.com\/?p=1297"},"modified":"2026-08-01T18:07:16","modified_gmt":"2026-08-01T18:07:16","slug":"george-santos-got-busted-for-manipulating-political-betting-markets-and-seems-to-have-little-remorse","status":"publish","type":"post","link":"https:\/\/movingandmortgagehub.com\/?p=1297","title":{"rendered":"George Santos Got Busted For Manipulating Political Betting Markets\u2014and Seems to Have Little Remorse"},"content":{"rendered":"
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\"George<\/figure>\n<\/div>\n

The Commodity Futures Trading Commission<\/span> (CFTC) announced Friday that former congressman and current legend George Santos has been fined $35,000 for attempting to place bets on his own attendance of the State of the Union in February. He\u2019s also been banned from the prediction-market platform Kalshi for 3 years.<\/p>

Read more How Can US Factories Get Cleaner Heat? These Ideas May Help.<\/a><\/p>\n

According to the CFTC:<\/p>\n

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While buying and selling positions in this market, Santos posted on social media about his plans to attend or not attend the SOTU. In his social media posts, Santos made a series of material misrepresentations and omissions about whether he would attend the SOTU. After these posts, the SOTU contract prices moved in a direction that was favorable to Santos\u2019 positions which allowed him to make over $17,500.<\/p>\n<\/blockquote>\n

A day before the State of the Union, Santos said in a video\u00a0he posted to X: \u201cI\u2019m going to be there for the State of Union in the gallery, guys.\u201d He posted on Instagram asking his followers if he should wear a \u201cbedazzled suit\u201d or a more toned-down option. Then, he didn\u2019t show up.<\/p>\n

Santos was expelled from Congress in 2023 after he was charged with a litany of offenses that included identity theft and pilfering campaign funds. He was sentenced to prison for 87 months, though Donald Trump commuted his sentence and he was released after 84 days. <\/p>

Read more The Post-Roe Surprise: More Abortions<\/a><\/p>\n

Santos\u2019 lawyer, Joseph Murray, wrote in a statement that the former congressman held \u201cno intent to deceive any person, nor intent to manipulate any market,\u201d when he placed Kalshi bets on his own potential travel to the State of the Union. Murray added that Santos has settled with the CFTC and intends to \u201cput this matter behind him.\u201d<\/p>\n

Santos, however, does not seem to have moved past this just yet: he has posted on X about Kalshi five times in the past 24 hours, calling it a predatory platform, demanding that its founder be deported, and threatening to have it \u201clegislated out of existence.\u201d<\/p>

Read more How Michigan Became the Most Expensive Democratic Primary Ever<\/a><\/p>\n<\/article>","protected":false},"excerpt":{"rendered":"

\u201cTouch\u00e9 bitches lets see who wins!\u201d<\/p>\n","protected":false},"author":1,"featured_media":1295,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"\nGeorge Santos Got Busted For Manipulating Political Betting Markets\u2014and Seems to Have Little Remorse - Moving and Mortgage Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/movingandmortgagehub.com\/?p=1297\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"George Santos Got Busted For Manipulating Political Betting Markets\u2014and Seems to Have Little Remorse - Moving and Mortgage Hub\" \/>\n<meta property=\"og:description\" content=\"\u201cTouch\u00e9 bitches lets see who wins!\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/movingandmortgagehub.com\/?p=1297\" \/>\n<meta property=\"og:site_name\" content=\"Moving and Mortgage Hub\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-01T18:07:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/movingandmortgagehub.com\/wp-content\/uploads\/2026\/08\/bef7f5d23c0d49285adeeeb5a446f006.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1125\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=1297#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=1297\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/movingandmortgagehub.com\\\/#\\\/schema\\\/person\\\/6b7c79bcfd888d98f34c5413df7e81a2\"},\"headline\":\"George Santos Got Busted For Manipulating Political Betting Markets\u2014and Seems to Have Little Remorse\",\"datePublished\":\"2026-08-01T18:07:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=1297\"},\"wordCount\":367,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=1297#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/movingandmortgagehub.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/ee34d4d5c89893167da182b8db359694.webp\",\"articleSection\":[\"Politics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=1297#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=1297\",\"url\":\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=1297\",\"name\":\"George Santos Got Busted For Manipulating Political Betting Markets\u2014and Seems to Have Little Remorse - 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