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The incident highlights regulatory challenges in prediction markets, emphasizing the need for robust frameworks to prevent self-referential trading abuses. The post Kalshi alerts regulators to suspicious trading by George Santos over State of the Union contract appeared first on Crypto Briefing.
Santos allegedly bet against his own State of the Union attendance on Kalshi after publicly claiming he would attend, profiting to the tune of tens of thousands of dollars.
Federal investigators have opened a probe into former U.S. Representative George Santos after suspicious prediction market trades allegedly generated tens of thousands of dollars around President Donald Trump’s February State of the Union address. NPR reported that the Department of…
The pardoned ex-congressman allegedly bet against his own State of the Union appearance while publicly hyping it.
