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DOJ probes Santos' State of Union bet, Trump commutes sentence

6/3/2026

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Summary

Story summary

Department of Justice (DOJ) probe began after Rep. George Santos posted on X that he would attend President Donald Trump’s State of Union, causing betting odds to spike and he withdrew.
Santos is investigated for insider trading on Kalshi, where he bet against his attendance and earned thousands.
Expelled and sentenced for fraud, he served under three months before President Donald Trump commuted his sentence and denies knowledge of probe.

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Story summary

Department of Justice (DOJ) probe began after Rep. George Santos posted on X that he would attend President Donald Trump’s State of Union, causing betting odds to spike and he withdrew.
Santos is investigated for insider trading on Kalshi, where he bet against his attendance and earned thousands.
Expelled and sentenced for fraud, he served under three months before President Donald Trump commuted his sentence and denies knowledge of probe.