SANTOS REFERRED TO DOJ, CFTC — KALSHI STATE OF THE UNION TRADES

George Santos hit with dual referrals to DOJ and CFTC over State of the Union trades on Kalshi—the prediction market platform facing heat for potential insider betting. Regulators are now investigating whether the ex-congressman exploited non-public info to move markets, a direct threat to the integrity degens rely on for fair odds.

Dual regulator referral on prediction market insider scheme; actionable for market participants.