Former New York Republican Rep. George Santos on Wednesday challenged an NPR report that the Department of Justice is investigating him for allegedly benefiting from insider trading on the Kalshi prediction market.Santos is alleged to have placed bets on his attendance at the president’s State of the Union address in February, according to NPR. Santos initially said he would personally attend the event — he was expelled from Congress in December 2023 — but he ended up watching President Donald Trump’s speech from an airport instead.Santos allegedly profited tens of thousands of dollars from the bet, NPR reported based on three anonymous sources. The exact amount was not disclosed in the article.
A DOJ official confirmed to the Washington Examiner that there is no investigation into Santos.
In a social media post, the former congressman challenged the allegations. “The [basis] of the accusation is preposterous and I look forward to supplying any information asked of me to any agency that inquires, till then media please do not inquire,” he posted on X.
Earlier in the post, Santos told reporters to stop asking for a comment after he was bombarded with hundreds of calls Tuesday night. He noted his lawyers are speaking with the DOJ about the reported inquiry.
