Former Rep. George Santos Bets on His Own Schedule via Kalshi

Federal authorities have opened an investigation into whether former congressman George Santos engaged in insider trading by placing bets on the prediction market Kalshi. The inquiry focuses on wagers Santos allegedly made on whether he would attend the State of the Union address in February.

Background on the Allegations Multiple outlets reported that Santos placed the bets on Kalshi, a platform that allows users to wager on political and other events. NPR first reported the investigation, citing anonymous sources who said the activity prompted a referral to federal authorities. The New York Times reported that Santos was referred after betting on his own attendance.

The Guardian stated that Santos allegedly bet on whether he would be present at the address, describing the matter as under review for possible insider trading. ABC News reported that federal regulators are examining the trades for violations of insider-trading rules.

“Federal authorities are investigating whether George Santos, the disgraced former Republican congressman from New York, engaged in insider trading by betting on a prediction market on his own attendance to the State of the Union address, multiple news outlets reported on Tuesday." — The Guardian, June 3, 2026 No charges have been filed, and Santos has not commented publicly on the reports. The investigation remains active, with officials continuing to review trading records and communications.”