George Santos reportedly investigated by DoJ over suspicious Kalshi bets

• 01Federal authorities are investigating whether George Santos placed a bet on Kalshi, a prediction market, on his own attendance at Trump's State of the Union address in February
• 02Santos shared on social media his intention to attend the State of the Union, then told followers that travel woes prevented him from attending
• 03Kalshi flagged the trade to the Commodity Futures Trading Commission (CFTC), according to the Associated Press
• 04The Department of Justice is investigating the matter, according to anonymous sources cited by multiple news outlets
• 05Kalshi fined three congressional candidates in April for betting on their own races
• 06A US soldier involved in the capture of Venezuelan president Nicolás Maduro was taken into custody over bets made on Polymarket about Maduro
• 07When asked by NPR if he had a Kalshi account, Santos said 'I'm not saying yes. I'm not saying no.'
• 08Santos was expelled from Congress in December 2023 after a House ethics committee report found he used campaign funds for travel, cosmetic treatment, and luxury goods
• 09In April 2025, Santos was sentenced to seven years in prison after pleading guilty to wire fraud and identity theft
• 10Trump commuted Santos's sentence months after he was sentenced

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Federal authorities are investigating whether former congressman George Santos engaged in insider trading by betting on a prediction market about his own attendance at Trump's State of the Union address in February. Santos had announced his attendance on social media before claiming travel problems prevented him from going; Kalshi, the prediction market platform, reported the trade to federal regulators. The investigation is part of broader scrutiny of prediction markets like Kalshi and Polymarket over insider trading concerns.