Former Congressman George Santos is facing a federal probe by the Department of Justice (DOJ) for suspected insider trading activities related to prediction market bets on Kalshi. Reports indicate that Santos may have made suspicious wagers against his own attendance at events, leading to claims of insider trading. In response to the allegations, Santos has stated that he is in communication with his legal team regarding the investigation. The situation has drawn significant media attention and criticism, with many questioning the ethics of his betting practices. Meanwhile, Polymarket, another prediction market, has severed ties with Santos amid the ongoing investigation.