Polymarket cuts ties with former Rep. George Santos as feds investigate if he illegally bet against his own actions on Kalshi |
Polymarket cuts ties with former Rep. George Santos as feds investigate if he illegally bet against his own actions on Kalshi
The online prediction platform Polymarket is ending its paid relationship with George Santos as federal regulators investigate whether the former congressman illegally bet against his own attendance at President Donald Trump’s State of the Union.
Santos placed the bets on another prediction marketplace, Kalshi, after publicly announcing his intention to be at the Feb. 24 speech, according to a person familiar with the investigation. He later blamed a delayed flight for missing the event.
The suspicious trades were detected by Kalshi and referred to the Commodities Future Trading Commission, which has opened a probe into Santos for possible insider trading, according to a second person familiar with........