Former Congressman George Santos Under Investigation for Insider Trading Activities Linked to State of the Union Attendance
Federal investigators are looking into George Santos for potential insider trading activities related to his attendance at President Donald Trump's State of the Union address. The investigation was prompted by suspicious trades detected by the online prediction marketplace Kalshi, which also reported the trades to the Commodity Futures Trading Commission. Santos, a former congressman, has not confirmed his involvement in the investigation but acknowledged discussing attending the speech publicly after his sentence was commuted by Trump. Social media users accused Santos of manipulating the prediction market, prompting him to address the issue on his podcast. The investigation is ongoing, and Santos has not directly addressed whether he traded on the event market.