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George Santos Settles Federal Investigation Over State of the Union Bets

George Santos reaches a $35,000 settlement with federal investigators over bets placed on the State of the Union on Kalshi. Read the full details.

Editorial Desk

August 1, 2026 One Min Read

POLICY WIRE — Washington, D.C. — Former Congressman George Santos has reached a $35,000 settlement with federal investigators concerning bets placed on the State of the Union address through the prediction market platform Kalshi.

The settlement was confirmed by sources close to the investigation. Santos, who represented New York’s 3rd Congressional District, faced scrutiny for his involvement in placing wagers on political events.

Kalshi, a platform that allows users to bet on various outcomes, including political events, came under investigation for its operations. The platform has since modified its policies to comply with federal regulations.

Santos’s settlement concludes the federal probe into his activities on the platform. No further legal action is expected against him related to this matter.

Reporting by Policy-Wire (PW)

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