George Santos reportedly investigated by DoJ over suspicious Kalshi bets

Key points

• Federal authorities are investigating whether George Santos, the disgraced former Republican congressman from New York, engaged in insider trading by betting on a prediction market on his own attendance to the State of the Union address, multiple news outlets reported on Tuesday.
• Santos allegedly placed a bet on Kalshi, a popular online prediction market, over whether he would be in attendance at Trump’s State of the Union address in February, according to NPR, which first reported on the investigation citing anonymous sources.
• Santos had shared his intention to be at the event on social media, before telling his followers that travel woes had nixed the plan.
• Kalshi, whose representatives also did not reply to a request for comment, flagged the trade to the Commodity Futures Trading Commission (CFTC), according to the Associated Press.
• Anonymous sources confirmed to several other news outlets that the Department of Justice is investigating the matter....