DOJ and CFTC investigate Santos’ Kalshi trades over February speech
The Department of Justice and Commodity Futures Trading Commission opened separate investigations into George Santos’ trades on Kalshi related to whether he would attend President Trump’s State of the Union address, according to sources familiar with the matter. The report says Kalshi froze his account and referred the case to the agencies; Santos reportedly said he knew nothing of the probe and did not confirm whether he held an account.
The probes raise compliance questions for prediction markets over trading tied to participants’ own public actions.