US investigators examine alleged George Santos bets on Kalshi
US federal investigators are examining transactions involving former congressman George Santos on Kalshi, according to reports cited in the report. The report says Kalshi detected suspicious trading, froze the account and alerted regulators; Santos has not been formally charged, and the Department of Justice and Commodity Futures Trading Commission inquiries are ongoing.
The investigation may affect regulatory scrutiny of insider trading controls on prediction-market platforms.