Disgraced MAGA Congressman Is In Trouble Again
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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.
https://www.thedailybeast.com/disgraced-maga-congressman-george-santos-is-in-trouble-again/">Read more at The Daily Beast.
George Santos Under Federal Investigation
- George Santos reported to prosecutors over suspicious Kalshi trades, AP source says Scripps News —
- DOJ investigating George Santos for alleged insider trading on Kalshi: Report Washington Examiner —
- DOJ probing George Santos over insider trading after ex-rep’s alleged Kalshi bets on his own appearance at Trump address: report NY Post —
- Justice Department investigates disgraced former congressman George Santos for alleged Kalshi insider trading: report The Independent —
- U.S. Is Said to Be Investigating George Santos Over Kalshi Betting The New York Times —