US authorities investigate George Santos over Kalshi trading
The US Department of Justice and Commodity Futures Trading Commission are investigating former congressman George Santos over trades on Kalshi contracts concerning his attendance at the State of the Union address. Reports said Kalshi suspended the account and notified authorities after detecting unusual trading patterns; no formal charges have been filed, and Santos denies the allegations.
The investigations could affect regulatory scrutiny of prediction-market trading and the use of non-public information.