George Santos bet on Kalshi that he would attend State of the Union; federal prosecutors investigate
Federal authorities are examining whether the former New York congressman placed bets on a prediction market about his own presence at President Trump's February address. The inquiry centers on possible insider trading on the Kalshi platform.
New York PostFederal prosecutors are investigating whether former Rep. George Santos placed bets on the Kalshi prediction market about his own attendance at President Trump's State of the Union address. The inquiry focuses on whether Santos used non-public information when he wagered on the event, according to multiple news outlets that reported the development Tuesday.
Kalshi flagged the activity to authorities after the market detected the unusual pattern.
the investigation The probe is examining whether the former congressman engaged in insider trading by betting on an outcome he could influence or knew in advance. No charges have been filed, and the investigation remains active.
“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.”
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