Notifications can be managed in browser preferences.Jump to contentIndependentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleRachel DobkinWednesday 03 June 2026 08:06 BSTRelated: George Santos sentenced to 87 months in prisonThe Department of Justice has reportedly launched an investigation into George Santos for alleged insider trading on the prediction market Kalshi.The alleged scheme involved Santos manipulating odds on a bet concerning his attendance at Donald Trump’s State of the Union address in February.Santos reportedly posted on X confirming his attendance, causing odds to spike, then later reversed his statement, claiming he would watch from an airport, which led to a tumble in the odds.Prior to his announcement that he would not attend, Santos allegedly placed bets on Kalshi predicting his non-attendance, according to sources with direct knowledge of his trades.Kalshi detected these suspicious trades and subsequently referred the matter to both the DOJ and the Commodity Futures Trading Commission, prompting separate investigations into the former congressman's activities.In fullJustice Department investigates disgraced former congressman George Santos for alleged Kalshi insider trading: reportThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in