Story perspectives

Santos Bets He’ll Miss Trump’s State of Union, Probe Opens

6/5/2026

Summary

Story summary

Rep. George Santos allegedly placed a self-bet on Kalshi that he would miss President Donald Trump's State of the Union, prompting an insider-trading probe and notification to the Department of Justice and the Commodity Futures Trading Commission.
Regulators say fast-growing prediction markets like Kalshi pose ethical and national-security risks, citing recent DOJ insider cases.
President Donald Trump urged the CFTC to keep exclusive authority over prediction markets.

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Story summary

Rep. George Santos allegedly placed a self-bet on Kalshi that he would miss President Donald Trump's State of the Union, prompting an insider-trading probe and notification to the Department of Justice and the Commodity Futures Trading Commission.
Regulators say fast-growing prediction markets like Kalshi pose ethical and national-security risks, citing recent DOJ insider cases.
President Donald Trump urged the CFTC to keep exclusive authority over prediction markets.