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But the Ninth US Circuit Court of Appeals reversed that decision Thursday (September 17).
The appeals court did not rule that Baldwin or Bridge Capital owes Laos the money. Instead, it said the lower court must hear Laos’ argument that they should be responsible for awards made against the companies they allegedly controlled.
That sends the sprawling Savan Vegas dispute back to court once again, 14 years after it began.
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Also, Stephen Cloobeck, a billionaire and 2026 California gubernatorial candidate, purchased approximately $10,000 in contracts tied to his campaign. He was fined $31,770 and suspended for three years.
Each settlement involved cooperation with Kalshi’s investigation.
What distinguishes Santos’ penalty is the exchange’s allegation that he actively issued false or misleading statements to alter prices and profited materially, violating additional rules such as failure to cooperate and manipulative conduct.
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US-based airlines collected more money for tickets last month than in any August on record, with the Airlines Reporting Corporation (ARC) reporting $9.8 billion in airline sales.
Latest ARC data revealed that US consumers purchased 25.8 million passenger trips in August 2026 (+5%), spending 19% more on air travel than they did a year ago. The average ticket price soared 17% year-over-year to $624, with economy tickets at $569 (+17%) and premium classes at $1,454 (+11%).
August’s totals set a new record for ARC-reported and settled sales, reflecting the continued strength of the U.S. travel market and continued demand,” said Steve Solomon, ARC’s chief commercial officer. “The strong summer trends from June and July carried into August, with travel to both U.S. domestic and international destinations remaining steady from the prior month and above 2025 levels.”