The Department of Justice is reportedly investigating serial liar and disgraced former Rep. George Santos over insider trading on the prediction market Kalshi where he placed bets on…himself.
As the saying goes, “Grifters gonna grift.”
Once a con man, always a con man. https://t.co/iHyMMxR7GY
— Ron Filipkowski (@RonFilipkowski) June 2, 2026
Via NPR:
In February, four months after being released from federal prison, former Republican congressman George Santos took to social media to express his enthusiasm about attending President Trump’s upcoming State of the Union address.
“I’m going to be there for the State of Union in the gallery, guys,” Santos said in a video he posted to X a day before the president’s remarks.
At the time, traders on the prediction market site Kalshi were placing millions of dollars worth of bets on who would attend. Santos’ video confirming his presence sent odds soaring. But he didn’t show up.
What Santos didn’t say was that he had already placed bets on Kalshi that he was not going to appear at the State of the Union address, according to three people with direct knowledge of his trades who were not authorized to speak publicly.
They say Santos misled the public and turned a profit based on that deception in the tens of thousands of dollars.
When NPR reached out to Santos about the investigation, the former drag artist said, “Well, that’s news to me.” Asked if he has a Kalshi account, he replied, “I’m not saying yes, I’m not saying no.”
State of the union update! pic.twitter.com/y9nrYpCyU4
— George Santos (@Georgesantos) February 23, 2026
As you’ll recall, Santos ran for office on a concocted resume filled with lies about his personal life including graduating at the top of his class from Baruch College, his mother working at the World Trade Center during 9/11, being Jewish, and multiple other fabrications.
Federal prosecutors eventually charged him with 13 counts of wire fraud, money laundering and stealing money from political donors which earned him a seven year prison sentence. But he served only 4 months in lockup because Trump commuted his sentence last October.
DOJ is investigating former congressman George Santos, pictured either left (L) or right (R), for insider trading on Kalshi. https://t.co/tKEY7dSzXj pic.twitter.com/fjRfd42qCi
— Hoodlum 🇺🇸 (@NotHoodlum) June 2, 2026
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