George Santos Probed for Betting on Himself on Kalshi
Kalshi froze Santos’ account after suspicious trades and referred the matter to federal regulators, who are examining whether he used nonpublic information.
- The online prediction marketplace Kalshi has referred former New York Congressman George Santos to the Department of Justice and the Commodity Futures Trading Commission over suspicious trading activity.
- Federal investigators are examining whether Santos engaged in insider trading by placing wagers that he would not attend President Donald Trump's State of the Union address in February.
- Prior to the event, Santos publicly declared on social media that he would be sitting in the gallery for the speech, a move that sent the market odds of his attendance surging to roughly 75%.
- Santos ultimately did not attend the address, later posting from an airport that his travel plans had fallen through, while allegedly profiting tens of thousands of dollars from the market's subsequent collapse.
- Kalshi detected the irregular activity, froze the account tied to Santos, and reported the matter to federal authorities amid heightened legislative scrutiny over market manipulation on political betting platforms.
202 Articles
202 Articles
Ex-Congressman George Santos Under Federal Investigation for Insider Trading on Prediction Markets
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George Santos Faces New Federal Scrutiny Over Prediction Market Betting Probe
By Paul Goldberg | JRL CHARTS LGBT Politics USA WASHINGTON, D.C. — (June 3, 2026) Former New York Congressman George Santos is once again facing federal scrutiny after reports surfaced that the U.S. Department of Justice and the Commodity Futures Trading Commission are reviewing suspicious prediction market trades allegedly tied to his attendance at President [...] The post George Santos Faces New Federal Scrutiny Over Prediction Market Betting…
George Santos allegedly bet on himself. He may be going to prison again for it.
Four months after his prison sentence was commuted by Donald Trump, George Santos went on social media to say that he’d be at the State of the Union (SOTU) address in February to cheer the president on. “I’m going to be there for the State of Union in the gallery, guys,” Santos said in a video posted to X the day before the speech. Related George Santos wants a piece of Trump’s new MAGA slush fund He never showed up. “Watching SOTU from an air…
The Toronto Star
Polymarket cuts ties with George Santos as regulators probe trades on rival prediction market
Federal regulators are investigating whether the former congressman illegally bet against his own attendance at President Donald Trump’s State of the Union.
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