DOJ investigating former Congressman George Santos for insider trading on Kalshi
June 3, 2026
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1:01Now PlayingDOJ investigating former Congressman George Santos for insider trading on Kalshi
YouTube Description
as posted by the channelFederal investigators are examining the prediction market trades of former New York Republican Congressman George Santos — in the latest case that's raising questions about insider trading on the betting sites.
Four months after George Santos had a seven-year wire fraud prison sentence commuted by President Trump, he took to social media, saying he planned to attend Trump’s State of the Union address. What he didn’t say publicly is that he was betting tens of thousands of dollars on the prediction market site Kalshi that he would not attend. Before it was revealed he did not go, he cashed out.
The Justice Department and the Commodity Futures Trading Commission are investigating.
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