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Another US politician got caught insider trading his own attendance at a political even on Kalshi. George Santos, former representative, just paid $35,000 to settle a CFTC probe into his suspicious Kalshi trades. He allegedly profited from Kalshi's "who will attend SOTU" market, where he was one of the options, to repeatedly pump and dumped his X audience. here is how his scheme worked : > Buys YES (George Santos attends) > Announces on X that he will attend the event > YES pumps massively > sell at a profit and buy cheap NO > Announce that he will not attend after all > sell NO at the top > rinse and repeat all that for a total profit of no more than $17,500 If politicians are ready to manipulate markets for less than a month of their salary then i can't imagine how manipulated bigger markets may be it's incredible that outsiders can make a profit at all

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