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Federal probe launched into George Santos for betting against his own State of the Union attendance.

Market News
03 Jun 2026
Forbes
View Source
Bearish
pluang ai news

Federal authorities are investigating former Rep. George Santos after he publicly claimed he would attend the State of the Union address but then placed a bet against his attendance on the Kalshi prediction market. Kalshi reported Santos to regulators, prompting the Commodity Futures Trading Commission to open an investigation. Santos had posted multiple statements on social media asserting he would be at the event, only to reveal on the day of the address that he was not attending. This raises concerns about potential market manipulation and insider knowledge misuse.

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