George Santos Reported to Prosecutors over Suspicious Kalshi Trades, According to Reports
Kalshi froze Santos’ account after detecting suspicious trades that sources say may have earned him tens of thousands of dollars, NPR reported.
- Kalshi, an online prediction marketplace, referred former congressman George Santos to the Department of Justice over suspicious trades made ahead of Trump's speech.
- Santos, who had previously been convicted of fraud and later pardoned by Trump, denied knowledge of the investigation but declined to confirm if he had a Kalshi account.
- In April, the Senate approved a bipartisan resolution to prevent its members from using prediction markets.
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78 Articles
George Santos reported to prosecutors over suspicious Kalshi trades, report says
A prediction market reported former U.S. Rep. George Santos to federal prosecutors after he boasted he'd be going to President Trump's State of the Union address, then bet against his own attendance, the Associated Press reported.
DOJ investigating George Santos for alleged insider trading on Kalshi: Report
The Department of Justice has opened an investigation into former New York Republican Rep. George Santos for allegedly engaging in insider trading on the prediction market Kalshi, according to reporting by NPR. The investigation involves bets allegedly placed by Santos regarding his attendance at President Donald Trump’s State of the Union address when Kalshi users were placing bets on who was going to attend the president’s speech. Santos had…
Former N.Y. Rep. George Santos under investigation for alleged insider trading on Kalshi
Former New York Rep. George Santos, who went to prison last year on federal fraud charges after being ousted from Congress, is now under scrutiny for his trading on prediction markets, according to two sources familiar with the matter.
George Santos reported to prosecutors over suspicious Kalshi trades, according to reports
Sources say a prediction market reported U.S. Rep. George Santos to federal prosecutors after he boasted he’d be going to President Donald Trump’s State of the Union address, then bet against his own attendance.
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