George Santos reported to federal prosecutors after betting against his own attendance at Trump's State of the Union address
By
Jake Offenhartz
A baker's-dozen of insight crammed into one ring.
Summary
A prediction market called Kalshi reported U.S. Rep. George Santos to federal prosecutors after he publicly boasted he would attend President Trump's State of the Union address, then bet against his own attendance on the platform. Santos had claimed he would attend the February 24 speech but did not show up. Kalshi detected the suspicious trades and referred the matter to prosecutors. Santos, who was sentenced to prison for fraud and identity theft in 2024 but received clemency from Trump, did not respond to requests for comment.
Key quotes
· 3 pulledA prediction market reported U.S. Rep. George Santos to federal prosecutors after he boasted he'd be going to President Donald Trump's State of the Union address, then bet against his own attendance
Kalshi, the online prediction marketplace, referred Santos to prosecutors after detecting trades made by Santos ahead of Trump's February 24 speech
Santos did not respond to a request for comment about the Kalshi trades
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