Polymarket cuts ties with George Santos as regulators probe trades on rival prediction market

Polymarket is terminating its paid relationship with George Santos as federal regulators investigate whether he illegally bet against his own attendance at President Donald Trump’s State of the Union. Santos placed the bets on Kalshi after publicly committing to attend the event, and the trades were referred to the Commodities Future Trading Commission for possible insider trading. Santos, who previously pleaded guilty to wire fraud and identity theft, now works as an influencer for Polymarket.