George Santos' Kalshi betting activity flagged to DOJ and CFTC, sources say
By
Matt Lavietes, Ryan J. Reilly
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Summary
Disgraced former Rep. George Santos had his betting activity on the prediction market Kalshi flagged to the Justice Department and the CFTC. Kalshi alerted authorities about bets Santos placed regarding his attendance at President Trump's State of the Union address in February. Santos, who was expelled from Congress and faces federal fraud charges, had announced on X that he planned to attend the event.
Key quotes
· 3 pulledBetting activity by disgraced former Rep. George Santos on the prediction market Kalshi has been flagged to federal authorities, according to two sources familiar with the investigation.
Kalshi alerted the Justice Department about bets Santos placed regarding his attendance at President Donald Trump's State of the Union address in February, according to the sources, who were not authorized to discuss the matter publicly.
The prediction market company also alerted officials at the CFTC, according to one of the sources.
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