Disgraced MAGA Congressman Is In Trouble Again

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George Santoshttps://thedailybeast-thedailybeast-prod.web.arc-cdn.net/resizer/v2/EWG3WFZGJ5ELJIGLZ5MQY4IJX4.JPG?auth=8bd2b08a57175edbd13cb69467df537d815233f986225b3e8b0cca282d2fed97&smart=true&width=4456&height=2507" />
Shannon Stapleton / REUTERS

George Santos, the former lawmaker who lied about his background, got expelled from Congress, and then became a convicted fraudster, is reportedly being investigated for insider trading.

The probe, NPR https://www.npr.org/2026/06/02/nx-s1-5843371/george-santos-kalshi-insider-trading-investigation" rel="" target="_blank" title="https://www.npr.org/2026/06/02/nx-s1-5843371/george-santos-kalshi-insider-trading-investigation">reported on Tuesday, centers on Santos’ comments about February’s State of the Union address and his alleged bets on Kalshi, a prediction market website.

On February 23, a day before Donald Trump’s address to Congress, Santos posted https://x.com/georgesantos/status/2026058999309701294?s=46" rel="" target="_blank" title="https://x.com/georgesantos/status/2026058999309701294?s=46">a video on X in which he said he would attend.

The odds on Kalshi that Santos would show up subsequently rose and remained relatively high.

Its https://kalshi.com/markets/kxattendsotu/who-will-attend-the-state-of-the-union/kxattendsotu" rel="" target="_blank" title="https://kalshi.com/markets/kxattendsotu/who-will-attend-the-state-of-the-union/kxattendsotu">peak was 76 cents—meaning a wager of that amount would win $1.

A “no” bet of 24 cents would thus carry much more value.

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