Former U.S. Congressman George Santos Under Investigation for Insider Trading on Kalshi Prediction Market

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According to NPR, the U.S. Department of Justice is investigating former U.S. Congressman George Santos for insider trading on prediction market Kalshi. Santos reportedly placed bets that he would not attend Trump's State of the Union address in February before announcing he would attend, ultimately profiting tens of thousands of dollars. Kalshi detected the suspicious trading, froze Santos' account, and referred the case to the Commodity Futures Trading Commission and Justice Department, both of which have launched investigations.
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