A financial prediction market has accused a former congressman of failing to cooperate with an internal probe into bets he allegedly placed on his own attendance at the State of the Union address. The company claims the individual did not provide necessary information during the investigation, leading to a significant penalty exceeding $71,000. The case highlights ongoing scrutiny over ethical concerns in political betting markets. Full details on the investigation and the congressman’s response remain unclear.
Kalshi says Santos did not cooperate with its investigation into bets he placed on his own attendance at the State of the Union. The company also fined the disgraced congressman more than $71,000.
