{"id":73527,"date":"2026-06-04T06:07:41","date_gmt":"2026-06-04T06:07:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/george-santos-hyped-his-state-of-the-union-seat-then-bet-he-wouldnt-show\/"},"modified":"2026-06-04T06:07:41","modified_gmt":"2026-06-04T06:07:41","slug":"george-santos-hyped-his-state-of-the-union-seat-then-bet-he-wouldnt-show","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/george-santos-hyped-his-state-of-the-union-seat-then-bet-he-wouldnt-show\/","title":{"rendered":"George Santos Hyped His State of the Union Seat, Then Bet He Wouldn&#8217;t Show"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Kalshi put Santos\u2019s State of the Union attendance near 75% before his no-show sent the odds tumbling.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The DOJ and CFTC opened investigations after Santos allegedly profited in the tens of thousands.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">His case follows Polymarket probes over a $1.2M Google trade and a $400K bet on Maduro\u2019s capture.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A Convicted Fraudster Lands at the Center of a Widening Insider-Trading Probe<\/h2>\n<p>The episode began four months after Santos walked out of federal prison on a sentence commuted by Trump, cutting short an 87-month term for wire fraud and aggravated identity theft tied to his 2022 campaign. Per NPR\u2019s <a href=\"https:\/\/www.npr.org\/2026\/06\/02\/nx-s1-5843371\/george-santos-kalshi-insider-trading-investigation\" target=\"_blank\" rel=\"noopener noreferrer\">reporting<\/a>, in a video posted to X the day before the speech, he told followers he would be watching from the gallery. On <a href=\"https:\/\/srt.bitcoin.com\/kalshi-may\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Kalshi<\/a>, where traders had staked millions on who would attend, his confirmation pushed the odds of his appearance toward 75 percent.<\/p>\n<p>He never showed. \u201cWatching SOTU from an airport TV was not part of the plan,\u201d Santos posted as Trump spoke, and the market cratered. What he omitted, per NPR, was that he had already bet against his own attendance, pocketing a profit in the tens of thousands at the expense of the bettors on the other side.<\/p>\n<p> <a href=\"https:\/\/srt.bitcoin.com\/kalshi-may\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Kalshi<\/a> detected the activity, froze the account, and referred it to the CFTC and the Justice Department, two people familiar with the matter said. Neither agency responded to requests for comment, and the <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-prediction-markets\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">prediction market<\/a> also declined to discuss the case. Reached by reporters, Santos called the probe \u201cnews to me\u201d and would not confirm an account: \u201cI\u2019m not saying yes, I\u2019m not saying no.\u201d<\/p>\n<p>Santos joins a widening roster of traders accused of converting private knowledge into prediction-market profit. Last week, prosecutors <u><a href=\"https:\/\/news.bitcoin.com\/google-engineer-makes-1-2m-on-polymarket-using-confidential-search-data\/\">charged<\/a><\/u> a Google engineer who made more than $1.2 million on Polymarket trades tied to confidential search data. In April, a U.S. soldier was charged with making more than $400,000 betting on the <a href=\"https:\/\/news.bitcoin.com\/maduro-raid-commando-pleads-not-guilty-after-400k-polymarket-bet-on-his-own-mission\/\">capture<\/a> of Venezuelan leader Nicol\u00e1s Maduro. Lawmakers and the CFTC have repeatedly warned that the markets\u2019 breakneck growth has outrun their safeguards.<\/p>\n<p>What sets the Santos case apart is the source of the edge: the bettor himself. <a href=\"https:\/\/srt.bitcoin.com\/kalshi-may\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Kalshi<\/a> disclosed in February that it had opened more than 200 <a href=\"https:\/\/news.kalshi.com\/p\/kalshi-trading-violation-enforcement-cases\" target=\"_blank\" rel=\"noopener noreferrer\">insider-trading investigations<\/a> over the prior year, a dozen of which became active cases. The former congressman remains a fixture of the market he is accused of gaming; last month, traders wagered nearly $90,000 on which words he would utter in a single Newsmax interview.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/george-santos-hyped-his-state-of-the-union-seat-then-bet-he-wouldnt-show\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Kalshi put Santos\u2019s State of the Union attendance near 75% before his no-show sent the odds tumbling. The DOJ and CFTC opened investigations after Santos allegedly profited in the tens of thousands. His case follows Polymarket probes over a $1.2M Google trade and a $400K bet [&hellip;]<\/p>\n","protected":false},"author":3947362403,"featured_media":73528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73527"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362403"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73527"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73528"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}