New reports say former Rep. George Santos, a Republican from New York, is under investigation for alleged hijinks on prediction markets.
According to CNN, which cited sources it did not name, the Justice Department and the Commodity Futures Trading Commission are taking a look at activity by Santos on the prediction site Kalshi in the context of whether he would appear at the State of the Union address this year.
As recounted by NPR, the saga began in February, when Santos wrote on X one day before the address that he would be attending the speech by President Donald Trump.
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At the time, NPR noted, millions of dollars’ worth of bets were being made over who would attend.
The odds of Santos attending soared after his post, but he never showed up.
Even as Trump was speaking, Santos posted that he would not be attending, sending odds of him attending
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