By Paul Goldberg | JRL CHARTS LGBT Politics USA
WASHINGTON, D.C. — (June 3, 2026) Former New York Congressman George Santos is once again facing federal scrutiny after reports surfaced that the U.S. Department of Justice and the Commodity Futures Trading Commission are reviewing suspicious prediction market trades allegedly tied to his attendance at President Donald Trump’s February State of the Union address.
Santos confirmed Wednesday that his legal team is communicating with federal authorities after learning that investigators may be examining activity connected to an account on the prediction market platform Kalshi.
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“The basis of the accusation is preposterous and I look forward to supplying any information asked of me to any agency that inquires,” Santos wrote on X. “I will comment further when appropriate and clarify everything accordingly while being mindful and respectful of any process that might be underway.”
The controversy stems from reports that Santos allegedly placed wagers predicting he would not attend President Trump’s State of the Union address while simultaneously posting publicly that he planned to be present. Kalshi reportedly flagged the activity after Santos ultimately failed to appear at the event, raising questions about whether he may have used nonpublic knowledge of his own plans to influence or profit from the market. The company subsequently referred the matter to federal regulators.
According to multiple reports, Kalshi froze the account in question and forwarded information to both the DOJ and CFTC for review. Neither agency has publicly confirmed the existence of an active investigation.
The allegations mark the latest chapter in Santos’ extraordinary political and legal saga.
Once considered a rising Republican figure from New York, Santos became one of the most controversial members of Congress after revelations that he had fabricated significant portions of his biography, education history, employment record, and personal background. His mounting scandals eventually led to criminal charges, an Ethics Committee investigation, and his historic expulsion from the U.S. House of Representatives in December 2023.
In 2025, Santos was sentenced to more than seven years in federal prison after pleading guilty to wire fraud and aggravated identity theft involving campaign funds and donor-related schemes. However, President Donald Trump later commuted his sentence, allowing Santos to leave prison after serving only a small portion of the term.
Following his release, Santos reinvented himself as a political commentator and online personality, maintaining a significant presence on social media and conservative media platforms.
Now, less than a year after receiving clemency, the former congressman finds himself confronting renewed legal questions.
Santos has denied wrongdoing and indicated he intends to cooperate with any official inquiry. Federal authorities have not announced charges, and no public findings have been released regarding the reported review of his prediction market activity. As of publication, the matter remains under examination, with investigators reportedly assessing whether any federal trading or market manipulation laws may have been violated.
For a politician whose career became synonymous with controversy, the latest allegations ensure that George Santos remains a headline figure long after his departure from elected office.
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