DOJ is investigating former congressman George Santos for insider trading on Kalshi
Former congressman George Santos is under investigation for insider trading related to his activities on the prediction market site Kalshi. Allegations suggest that he misled the public about attending the State of the Union address while profiting from bets he placed on his absence. The Commodity Futures Trading Commission and the Department of Justice have both opened investigations into his trading practices.
- ▪George Santos is being investigated for insider trading on Kalshi.
- ▪He allegedly misled the public about attending the State of the Union address while placing bets on his absence.
- ▪Kalshi froze Santos' account and referred the case to federal regulators.
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Exclusive Politics DOJ is investigating former congressman George Santos for insider trading on Kalshi June 2, 20264:55 PM ET Bobby Allyn Former New York congressman George Santos is being investigated by federal regulators over his trading activity on the prediction market site Kalshi. Michael M. Santiago/Getty Images hide caption toggle caption Michael M. Santiago/Getty Images In February, four months after being released from federal prison, former Republican congressman George Santos took to social media to express his enthusiasm about attending President Trump's upcoming State of the Union address. "I'm going to be there for the State of Union in the gallery, guys," Santos said in a video he posted to X a day before the president's remarks.
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