George Santos Bet on His Own Election Schedule via Kalshi

Federal authorities have opened an investigation into whether former congressman George Santos engaged in insider trading by betting on a prediction market about his own attendance at the State of the Union address. The inquiry focuses on bets Santos allegedly placed on Kalshi, an online prediction market, regarding whether he would appear at the February address.

Background on the Allegations Multiple news outlets reported the investigation on Tuesday, citing people familiar with the matter. The case was referred to federal authorities after the bets came to light. Santos, who previously represented New York as a Republican, left Congress following ethics findings and criminal charges unrelated to this matter.

NPR first reported the existence of the federal review. No charges have been filed, and the scope or timeline of the investigation has not been disclosed.

“Federal authorities are investigating whether George Santos engaged in insider trading by betting on a prediction market on his own attendance to the State of the Union address." Officials have not commented publicly on the status of the review.”