George Santos Faces Investigation for Insider Trading
Reading
An online platform called Polymarket stopped working with George Santos. This happened because of a federal investigation into his bets.
Mr. Santos bet against going to a speech by Donald Trump. He made these bets after saying he would be there.
Another platform, Kalshi, found these bets to be strange. They told the government, which is now looking into Santos.
Mr. Santos says these claims are not true or \"preposterous.\" He once said prediction markets can be easily tricked or \"manipulable.\"
The government regulator takes market rules very seriously. They say insider trading in these markets is a serious crime.
Questions
Why did Polymarket stop working with George Santos?
Polymarket stopped working with George Santos because of a federal investigation into his bets.
What did Mr. Santos bet against?
Mr. Santos bet against going to a speech by Donald Trump.
What does Mr. Santos say about the claims against him?
Mr. Santos says these claims are not true or 'preposterous.'
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