DOJ investigates Santos’ Kalshi trades linked to State of the Union attendance
The US Department of Justice and Commodity Futures Trading Commission opened investigations into former congressman George Santos’ Kalshi trades concerning his attendance at the State of the Union, according to people familiar with the matter. Sources said Kalshi froze his account and referred the activity to both agencies; Santos said he was unaware of the reported investigation and did not directly answer whether he had an account.
The investigations put prediction-market trading controls and potential insider-trading risks under scrutiny.