DOJ investigating George Santos for alleged insider trading on Kalshi: Report
The Department of Justice is investigating former Rep. George Santos for alleged insider trading on the prediction market Kalshi. Santos reportedly placed bets on his attendance at President Trump's State of the Union address, which he later contradicted by stating he was watching from an airport. This investigation adds to the legal challenges Santos faces following his expulsion from the House and previous federal charges.
- ▪The DOJ is investigating George Santos for insider trading on Kalshi.
- ▪Santos allegedly placed bets on his attendance at the State of the Union, which he later contradicted.
- ▪Kalshi flagged Santos's trades and referred the case to the Commodity Futures Trading Commission.
Opening excerpt (first ~120 words) tap to expand
The Department of Justice has opened an investigation into former New York Republican Rep. George Santos for allegedly engaging in insider trading on the prediction market Kalshi, according to reporting by NPR. The investigation involves bets allegedly placed by Santos regarding his attendance at President Donald Trump’s State of the Union address when Kalshi users were placing bets on who was going to attend the president’s speech. Recommended Stories Police respond to hostage situation and bomb threat at California bank Texas operation targeting online predators sees 276 suspects arrested and 86 children rescued Bowser calls out mayoral hopeful Janeese Lewis George for gap in teen curfew enforcement Santos had posted a video to social media the day prior to the State of the Union in…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.
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