US federal authorities are investigating controversial former congressman George Santos after prediction market Kalshi reported suspicious trading activity on his account to the Justice Department.
Two sources familiar with the matter told NBC News that Kalshi flagged a series of trades linked to Santos ahead of President Donald Trump’s State of the Union address in February.
The suspicious activity centered on whether Santos would attend the State of the Union address. Prior to the event, Santos had posted on the social media platform X that he would be there, saying, “I’m gonna be in the gallery” in a video.
However, Santos didn’t actually attend the event, and according to one of the sources, Kalshi found that Santos had been betting against his own attendance.
