DOJ opens investigation into George Santos for insider trading on Kalshi
The Department of Justice and the Commodity Futures Trading Commission are investigating former congressman George Santos for alleged insider trading on the betting platform Kalshi. Santos reportedly placed bets against his own attendance at a State of the Union address, leading to significant financial gains when he did not appear. This incident raises concerns about the integrity of online gambling platforms and the potential for manipulation in betting on real-world events.
- ▪George Santos is under investigation for allegedly engaging in insider trading on Kalshi.
- ▪He reportedly placed bets against his own attendance at a State of the Union address, profiting from his absence.
- ▪The DOJ and CFTC have not provided updates on the status of their investigations.
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Big Tech DOJ opens investigation into George Santos for insider trading on Kalshi The recently-incarcerated former congressman allegedly placed bets on himself, then acted to ensure he won. By Lawrence Bonk June 3, 2026 12:26 pm EST George Santos/X The Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) have opened investigations into former congressman George Santos regarding alleged insider trading, according to NPR. The alleged scheme was both ridiculous and brazen, a hallmark of Santos. Here's how it reportedly went down. Santos allegedly gamed the betting market Kalshi by making a video indicating he would be attending President Trump's State of the Union address back in February.
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