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The Guardian - US
The Guardian - US
World
Uwa Ede-Osifo

George Santos reportedly investigated by DoJ over suspicious Kalshi bets

George Santos Kalshi DOJ United States Trump State Of The Union CFTC NPR Polymarket
Man walks outside court
George Santos outside court in Suffolk county, New York in 2024. Santos was sentenced to seven years for fraud. Photograph: Stefan Jeremiah/AP

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.

Santos allegedly placed a bet on Kalshi, a popular online prediction market, over whether he would be in attendance at Trump’s State of the Union address in February, according to NPR, which first reported on the investigation citing anonymous sources.

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