George Santos betting activity on Kalshi flagged to DOJ, source says

Betting activity by disgraced former Rep.George Santos on the prediction market Kalshi has been flagged to federal authorities, according to a source familiar with the investigation.

Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content.Kalshi alerted the Justice Department and the United States Commodity Futures Trading Commission about bets Santos placed regarding his attendance at President Trump’s State of the Union address in February, according to the source, who was not authorized to discuss the matter publicly.Santos, 37, told his millions of followers on X that he planned to attend the speech — one of many events drawing online bettors at the time.“I’m gonna be in the gallery,” Santos said in a video on X.Santos did not attend the event.

At the same time Kalshi detected that Santos had been placing bets against his own attendance, according to the source.Santos did not immediately return a request for comment.On Thursday he acknowledged in a post on X on that “the DOJ might be looking into me.”“I will comment further when appropriate and clarify everything accordingly while being mindful and respectful of any process that might be underway,” Santos wrote.

“The bases of the accusation is preposterous and I look forward to supplying any information asked of me to any agency that inquires, till then media please do not inquire.”A representatives for the Justice Department did not immediately return requests for comment.Kalshi declined to comment.A representative for the CFTC said in a statement that the commission cannot confirm or deny any investigation.

A source familiar with the agency confirmed that Santos is being investigated, but declined to say for what and when the investigation began.The source asked that their name not be published to protect the integrity of the agency’s investigation.Santos, a Republican, represented New York’s 3rd congressional district from January...