tech
DOJ opens investigation into George Santos for insider trading on Kalshi
Key takeaways
- The recently-incarcerated former congressman allegedly placed bets on himself, then acted to ensure he won.
- George Santos/X The Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) have opened investigations into former congressman George Santos regarding alleged insider trading, according to NPR.
- Santos allegedly gamed the betting market Kalshi by making a video indicating he would be attending President Trump's State of the Union address back in February.
The recently-incarcerated former congressman allegedly placed bets on himself, then acted to ensure he won.
George Santos/X The Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) have opened investigations into former congressman George Santos regarding alleged insider trading, according to NPR. The alleged scheme was both ridiculous and brazen, a hallmark of Santos.
Here's how it reportedly went down. Santos allegedly gamed the betting market Kalshi by making a video indicating he would be attending President Trump's State of the Union address back in February. "I'm going to be there for the State of Union in the gallery, guys," he said in a video originally posted to X.
Article preview — originally published by Engadget. Full story at the source.
Read full story on Engadget →
More top stories
Also covered by
NPR Politics
DOJ is investigating former congressman George Santos for insider trading on Kalshi
Bloomberg Markets
George Santos’ Kalshi Wagers Draw Fresh Insider Trading Scrutiny
Forbes
George Santos Under Investigation Over Kalshi Bet On His Own State Of The Union Attendance
NY Times
U.S. Is Said to Be Investigating George Santos Over Kalshi Betting
Aggregated and edited by the Scoop newsroom. We surface news from Engadget alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop