DOJ is investigating former congressman George Santos for insider trading on Kalshi

🇺🇸 영어 원문

Former New York congressman George Santos is being investigated by federal regulators over his trading activity on the prediction market site Kalshi.

In February, four months after being released from federal prison, former Republican congressman George Santos took to social media to express his enthusiasm about attending President Trump’s upcoming State of the Union address.

“I’m going to be there for the State of Union in the gallery, guys,” Santos said in a video he posted to X a day before the president’s remarks.

At the time, traders on the prediction market site Kalshi were placing millions of dollars worth of bets on who would attend. Santos’ video confirming his presence sent odds soaring.

“Watching SOTU from an airport tv was not part of the plan! FML,” Santos wrote on X, using slang for a more coarse way of saying, “screw my life.”

He posted the message as Trump was speaking, making those same odds in the Kalshi market plummet.

What Santos didn’t say was that he had already placed bets on Kalshi that he was not going to appear at the State of the Union address, according to three people with direct knowledge of his trades who were not authorized to speak publicly. They say Santos misled the public and turned a profit based on that deception in the tens of thousands of dollars.

Kalshi detected Santos’ trades, froze his account and referred the case to the Commodity Futures Trading Commission and the Department of Justice, which both opened investigations into Santos, according to a person familiar with Kalshi’s investigation who was not authorized to speak publicly.

Reached by NPR, Santos said, “Well, that’s news to me,” when asked about the insider trading probe underway into his activity on Kalshi.

Santos’ trading on his own movements follows one of the most dramatic downfalls in recent political history. The 37-year-old former Republican congressman from New York ran for office telling a series of lies and fabrications about his personal life.

🇰🇷 한국어 요약

청소년 여러분, 이번 주제는 정치인과 예측 시장의 윤리에 관한 이야기입니다. 전 뉴욕 연방 하원의원인 조지 산토스가 예측 시장 사이트인 칼시(Kalshi)에서의 거래 활동으로 연방 규제 기관의 조사를 받고 있습니다. 산토스는 자신이 연방 의회 연설에 참석할 것이라고 SNS 에 올리면서 시장 가격을 올렸지만, 사실은 이미 자신이 참석하지 않을 것이라고 베팅을 해둔 상태였습니다. 이는 공공의 신뢰를 배신하고 사적인 이익을 취한 행위이며, 결국 그의 계좌가 동결되고 법무부 조사를 받게 되었습니다. 이 사건은 진실과 정직의 중요성을 다시 한번 일깨워 줍니다.

🔑 핵심 단어 (Vocabulary)

  1. Investigate – 조사하다 – Former New York congressman George Santos is being investigated by federal regulators.
  2. Insider trading – 내부자 거래 – DOJ is investigating former congressman George Santos for insider trading on Kalshi.
  3. Prediction market – 예측 시장 – Traders on the prediction market site Kalshi were placing millions of dollars worth of bets.
  4. Enthusiasm – 열정, 흥분 – Santos took to social media to express his enthusiasm about attending President Trump’s upcoming State of the Union address.
  5. Deception – 사기, 기만 – Santos misled the public and turned a profit based on that deception.
  6. Plummet – 급락하다 – He posted the message as Trump was speaking, making those same odds in the Kalshi market plummet.
  7. Fabrications – 거짓말, 조작 – He ran for office telling a series of lies and fabrications about his personal life.
  8. Regulators – 규제 기관 – He is being investigated by federal regulators over his trading activity.

🔗 원문 링크

https://www.npr.org/2026/06/02/nx-s1-5843371/george-santos-kalshi-insider-trading-investigation

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