Federal authorities are investigating George Santos, the former Republican congressman from New York, for potential insider trading related to bets placed on a prediction market regarding his attendance at the State of the Union address. Reports indicate that Santos placed a bet on Kalshi, an online prediction market, concerning whether he would attend the address in February. NPR was the first to report on this investigation, citing anonymous sources.
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George Santos under investigation by DoJ for Kalshi bets
George Santos, a former congressman, is being investigated by federal authorities for allegedly engaging in insider trading by betting on his own attendance at the State of the Union address. The investigation centers around bets placed on the online prediction market Kalshi.
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