State of the Union is the US executive office, the current administration’s policy agenda, and its institutional framework in Washington.
Federal investigators are examining whether George Santos placed bets on Kalshi about his own attendance at the State of the Union, with the trades flagged by the market and referred to the DOJ and CFTC. Santos has previously been convicted and pardoned, and his current status is under scrutiny as prediction markets face regulatory pressure.
Kalshi has rolled out market-integrity measures, including employment disclosure and a risk-scoring system, to curb insider trading and manipulation on its prediction markets. The move follows recent investigations and enforcement actions, with Kalshi citing an Independent Surveillance Audit Committee’s findings.