Disgraced ex-U.S. Rep. George Santos, whose 87-month federal prison sentence for fraud and identity theft was commuted by President Donald Trump in October, is now under another federal investigation for alleged insider trading on the popular betting app Kalshi, according to reports.
The investigation is into Santos allegedly placing bets on Kalshi, a federally regulated prediction market where users can bet on real-world events, that he would not attend the president’s State of the Union address in February. Users were placing bets in the millions of dollars on who would and would not be in attendance at the address.
