George Santos dismisses ‘preposterous’ Kalshi insider trading report
George Santos has dismissed allegations of insider trading related to the Kalshi prediction market. He claims the accusations are 'preposterous' and has stated that he is in contact with the Department of Justice regarding the matter. Santos, who was expelled from Congress in December 2023, has faced legal issues in the past, including charges of identity theft and wire fraud.
- ▪George Santos is alleged to have profited from insider trading on the Kalshi prediction market.
- ▪A DOJ official confirmed there is no investigation into Santos at this time.
- ▪Santos has stated that he is in contact with his legal team regarding the reported inquiry.
Opening excerpt (first ~120 words) tap to expand
Former New York Republican Rep. George Santos on Wednesday challenged an NPR report that the Department of Justice is investigating him for allegedly benefiting from insider trading on the Kalshi prediction market. Santos is alleged to have placed bets on his attendance at the president’s State of the Union address in February, according to NPR. Santos initially said he would personally attend the event — he was expelled from Congress in December 2023 — but he ended up watching President Donald Trump’s speech from an airport instead.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.
Discussion
0 commentsMore from Washington Examiner
