Polymarket cuts ties with George Santos as regulators probe trades on rival prediction market
Polymarket has decided to terminate its paid relationship with George Santos amid an investigation into his potential insider trading activities. Santos allegedly placed bets against his own attendance at a State of the Union address, which raised suspicions and led to a probe by federal regulators. The situation has drawn attention due to Santos's controversial past and his previous role in promoting Polymarket.
- ▪Polymarket is ending its relationship with George Santos as federal regulators investigate him for possible insider trading.
- ▪Santos placed bets on another prediction marketplace, Kalshi, after publicly stating he would attend the State of the Union address.
- ▪The suspicious trades were referred to the Commodities Future Trading Commission, which has opened a probe into Santos.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onPolymarket cuts ties with George Santos as regulators probe trades on rival prediction marketPolymarket is ending its paid relationship with George Santos as federal regulators investigate him for possible insider tradingByJAKE OFFENHARTZ Associated PressJune 3, 2026, 3:17 PM1:36FILE - Rep. George Santos, R-N.Y., talks to reporters as House Republicans hold a caucus meeting at the Capitol in Washington, Oct. 13, 2023.
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