{"id":2609848,"date":"2026-06-02T22:01:01","date_gmt":"2026-06-03T02:01:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/doj-investigating-george-santos-for-alleged-insider-trading-on-kalshi-report\/"},"modified":"2026-06-02T22:04:36","modified_gmt":"2026-06-03T02:04:36","slug":"doj-investigating-george-santos-for-alleged-insider-trading-on-kalshi-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/doj-investigating-george-santos-for-alleged-insider-trading-on-kalshi-report\/","title":{"rendered":"DOJ investigating George Santos for alleged insider trading on Kalshi: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdoj-investigating-george-santos-for-alleged-insider-trading-on-kalshi-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2609848&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The U.S. Department of Justice is investigating former New York Republican Rep. george Santos over alleged <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/revealed-solarwinds-director-sold-45-7-million-in-stock-options-last-week-before-cisa-announcement-sunday\/\" title=\"REVEALED: SolarWinds Director Sold .7 MILLION in Stock Options Last Week Before CISA Announcement Sunday\">insider trading<\/a> involving the prediction market Kalshi. NPR reports that Santos allegedly placed bets about whether he would attend President Donald Trump\u2019s State of the Union, after publicly saying he planned to be there-information that led Kalshi users to make high-value wagers.<\/p>\n<p>Afterward, Santos posted that he was watching from an airport, which changed the odds. NPR says Santos had already placed bets indicating he would not attend and profited tens of thousands of dollars, though the exact figure isn\u2019t public. Kalshi reportedly flagged the trading, froze his account, and referred the matter to the Commodity Futures Trading Commission and the Department of Justice, both of which opened investigations.<\/p>\n<p>santos did not confirm whether he had a Kalshi account and said he wasn\u2019t aware of any inquiry. The case adds to ongoing legal and political scrutiny of Santos, whose career collapsed after findings about fabricated parts of his background and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/atlanta-mayoral-candidate-who-voted-to-defund-the-police-has-car-stolen-in-broad-daylight-by-children-reports\/\" title=\"Atlanta Mayoral Candidate Who Voted To Defund The Police Has Car Stolen In Broad Daylight \u2014 By Children: Reports\">federal fraud charges<\/a>. It also comes amid broader regulatory concerns about whether rapidly growing prediction markets like Kalshi and Polymarket can be used to exploit insider information or manipulate outcomes.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\">The <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/department-of-justice\/\" type=\"post_tag\" id=\"438\">Department of Justice<\/a> has opened an investigation into former New York Republican Rep. <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/george-santos\/\" type=\"post_tag\" id=\"2676\">George Santos<\/a> for allegedly engaging in insider trading on the prediction market Kalshi, according to <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.npr.org\/2026\/06\/02\/nx-s1-5843371\/george-santos-kalshi-insider-trading-investigation\" type=\"link\" id=\"https:\/\/www.npr.org\/2026\/06\/02\/nx-s1-5843371\/george-santos-kalshi-insider-trading-investigation\">reporting by NPR<\/a>. <\/p>\n<p class=\"wp-block-paragraph\">The investigation involves bets allegedly placed by Santos regarding his attendance at President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" type=\"post_tag\" id=\"4\">Donald Trump\u2019s<\/a> State of the Union address when Kalshi users were placing bets on who was going to attend the president\u2019s speech. <\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/crime\/4592343\/california-bank-hostage-bomb-threat\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Police respond to hostage situation and bomb threat at California bank<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/crime\/4591822\/texas-fbi-operation-online-child-predators\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Texas operation targeting online predators sees 276 suspects arrested and 86 children rescued<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/crime\/4591567\/bowser-calls-out-janeese-lewis-george-teen-curfew\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Bowser calls out mayoral hopeful Janeese Lewis George for gap in teen curfew enforcement<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">Santos had posted a video to social media the day prior to the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/state-of-the-union\/\" type=\"post_tag\" id=\"658\">State of the Union<\/a> in which he said he would be in attendance, which prompted users to place high-value bets that the former congressman would attend. <\/p>\n<div class=\"article-paywall\">\n<p class=\"wp-block-paragraph\">\u201cI\u2019m going to be there for the State of Union in the gallery, guys,\u201d Santos said in <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/x.com\/Georgesantos\/status\/2026058999309701294?s=20\">an X video posted<\/a> Feb. 23, one day before the event. <\/p>\n<p class=\"wp-block-paragraph\">However, Santos later posted that he was watching Trump\u2019s address from an airport, causing the Kalshi odds to fall. <\/p>\n<p class=\"wp-block-paragraph\">\u201cWatching SOTU from an airport tv was not part of the plan! FML,\u201d Santos said<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/x.com\/Georgesantos\/status\/2026433381911638407?s=20\"> in an X post<\/a>.  <\/p>\n<p class=\"wp-block-paragraph\">According to NPR\u2019s reporting, Santos had already placed bets that he would not attend and profited tens of thousands of dollars from the trade, though the exact amount has not been disclosed.<\/p>\n<p class=\"wp-block-paragraph\">Kalshi flagged Santos\u2019s trades and froze his account, subsequently referring the case to the Commodity Futures Trading Commission and the Department of Justice, which both opened investigations. <\/p>\n<p class=\"wp-block-paragraph\">Santos declined to say whether or not he had a Kalshi account and said he was not aware of an investigation into his trades.<\/p>\n<p class=\"wp-block-paragraph\">The reported investigation marks the latest legal scrutiny facing the former New York Republican, whose <a href=\"https:\/\/amzn.to\/3YuVZYV\" >political career unraveled amid revelations<\/a> that he fabricated portions of his biography and faced multiple federal fraud charges. <\/p>\n<p class=\"wp-block-paragraph\" id=\"h-tom-kean-jr-says-he-will-return-to-in-person-work-in-matter-of-weeks-after-prolonged-house-absence\"><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/4592290\/tom-kean-return-house-absence-matter-of-weeks\/\"><strong>TOM KEAN JR. SAYS HE WILL RETURN TO IN-PERSON WORK IN \u2018MATTER OF WEEKS\u2019 AFTER PROLONGED HOUSE ABSENCE<\/strong><\/a><\/p>\n<p class=\"wp-block-paragraph\">Santos was expelled from the House in 2023 and later pleaded guilty to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/protesters-defend-protests-say-protection-around-capitol-building-was-inadequate\/\" title=\"Protesters defend protests, say protection around Capitol building was inadequate\">federal charges<\/a>, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-democratic-california-rep-tj-cox-indicted-for-fraud-faces-up-to-55-years-in-prison\/\" title=\"Former Democratic California Rep. TJ Cox Indicted For Fraud, Faces Up To 55 Years In Prison\">including wire fraud<\/a> and aggravated identity theft. He began serving a prison sentence in 2025 before receiving a commutation from Trump later that year. <\/p>\n<p class=\"wp-block-paragraph\">The case also added to growing questions surrounding prediction markets such as Kalshi and Polymarket, which have expanded rapidly by allowing users to bet on political, economic, and geopolitical events. Regulators and lawmakers have increasingly debated whether such platforms are vulnerable to insider information and market manipulation.<\/p>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DOJ investigates George Santos for alleged Kalshi insider trading tied to SOTU attendance<\/p>\n","protected":false},"author":4130,"featured_media":2609849,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/04\/santos4.webp?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[45347,35668,53193],"class_list":["post-2609848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-doj-investigation","tag-george-santos","tag-insider-trading"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/04\/santos4.webp?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2609848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/4130"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2609848"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2609848\/revisions"}],"predecessor-version":[{"id":2609852,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2609848\/revisions\/2609852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2609849"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2609848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2609848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2609848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}