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George Santos reported to prosecutors over suspicious Kalshi trades, AP source says

June 02, 2026

A prediction market reported U.S. Rep. George Santos to federal prosecutors after he boasted he’d be going to U.S. President Donald Trump’s State of the Union address, then bet against his own attendance, according to a person familiar with the investigation. Kalshi, the online prediction marketplace, referred Santos to the Department of Justice after detecting suspicious trades made by the former congressman ahead of Trump’s Feb. 24 speech, the person said. The person spoke to The Associated Press on the condition of anonymity because they weren’t authorized to discuss the matter publicly.

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