George Santos Under Investigation For Betting On Kalshi: Report

Oops, he allegedly did it again. Disgraced former Rep. George Santos is under investigation for his betting activity on the prediction market Kalshi, according to a source familiar with the investigation. Kalshi told…

Sandra RhodesJun 3, 20262 min read

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Santos ended up not attending the event. Kalshi detected Santos was placing bets against his own attendance, according to the source.

On Wednesday, he wrote on X “the DOJ might be looking into me.”

“I will comment further when appropriate and clarify everything accordingly while being mindful and respectful of any process that might be underway,” Santos wrote.

“The bases of the accusation is preposterous and I look forward to supplying any information asked of me to any agency that inquires, till then media please do not inquire,” he continued.

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A representatives for the Justice Department did not immediately return requests for comment; Kalshi declined to comment.

A representative for the CFTC the commission cannot confirm or deny any investigation.

A source familiar with the agency confirmed that Santos is being investigated, but did not say for what and when the investigation began.

Santos, a Republican, represented New York’s 3rd congressional district from January to December 2023. He was expelled from Congress while under federal investigation.

In 2024, he pleaded guilty to federal charges including wire fraud, identity theft and money laundering.

He was sentenced to 87 months in prison and ordered to pay almost $374,000 in restitution and over $200,000 in forfeiture.

Trump commuted Santos’ sentence last year, citing his living conditions behind bars and saying he had been “horribly mistreated.”

Santos received international attention after The New York Times and other outlets revealed that he fabricated parts of his resume and personal life story.

Santos also made international headlines after old images of him in dragemerged