Feed / Enforcement & compliance
By The Weekly Edge desk ·
GamblingNews reported that former US representative George Santos agreed to pay $35,000 to settle a CFTC investigation. Investigators alleged he traded on Kalshi on whether he would attend Donald Trump’s State of the Union address.
The settlement resolves an investigation into an alleged event-contract trade involving Santos’ own attendance.
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Kalshi’s sponsorships expand MLB prediction market partnerships, with four new partners playing in states that prohibit sports betting.
The partnerships give the tribes customer-facing apps while Kalshi operates the underlying exchange and settles transactions.
Four additional tribal agreements give tribes app ownership and customer management while Kalshi supplies exchange services.
The agreements give Kalshi advertising exposure and fan engagement opportunities across five MLB teams.
Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
The lawsuit contests whether Wisconsin’s gambling laws apply to Novig’s sports contracts or federal commodities jurisdiction takes precedence.