George Santos Denies Insider Trading Allegations Amid Federal Investigation
Former Republican Representative George Santos has denied allegations of insider trading following reports that a prediction market flagged his activities to federal authorities. The online platform Kalshi reported Santos to the Commodity Futures Trading Commission (CFTC) for allegedly using nonpublic information to bet against his attendance at President Trump's February State of the Union address, despite publicly stating he would attend. Santos missed the event, citing a delayed flight. The Department of Justice (DOJ) is reportedly investigating, although a DOJ spokesperson stated there is no current investigation. Santos has called the allegations 'preposterous' and expressed willingness to cooperate with any inquiry.