A federal investigation into suspicious trades on a prediction marketplace has been settled. Former Congressman George Santos agreed to pay $35,000 to resolve the matter. The investigation involved trades on Kalshi, where Santos bet against his own plans to attend a State of the Union event.

The settlement was made with the federal Commodity Futures Trading Commission. Santos' lawyer stated that the choice to settle was a practical decision, and not an admission of wrongdoing. The commission noted that the settlement amount exceeds the earnings Santos made from the trades in question.

Further details on the settlement and investigation are available from the federal Commodity Futures Trading Commission and other sources.