Post #78408 by albaby1 on the US Policy board

Please be respectful of others' privacy, and avoid sharing personal information or sensitive content without their permission. If you are unsure if something is appropriate to share, ask for permission (use the 'Privately email' option when replying to their post) or avoid sharing it altogether.

- Manlobbi

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U.S. Is Said to Be Investigating George Santos Over Kalshi Betting

The former congressman was referred to federal authorities after he bet on his own attendance at the State of the Union address, a person familiar with the matter said.

That will be a very interesting case. I wonder what they think was the criminal infraction? It wouldn't be insider trading, since there's no material non-public information that he owed any fiduciary obligations on - it's just his own private actions. There's no "misappropriation" that can be the hook for any securities violations.

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