New Actor: Polymarket severs contract with George Santos

Polymarket is ending its paid relationship with George Santos. The move comes amid a federal probe into whether he bet against his own attendance at President Donald Trump’s Feb. 24 State of the Union on rival platform Kalshi. By the time of the speech, Santos was already promoting Polymarket as a paid influencer.

Kalshi flagged the trades and sent them to the Commodity Futures Trading Commission, the federal markets regulator, which has opened a probe into possible insider trading. Santos had publicly said he would attend the address, then missed it and blamed a delayed flight.

Santos has dismissed the allegation and said his legal team is in contact with the Justice Department. On his podcast in March he described prediction markets as easily manipulated. The regulator’s enforcement chief has recently said insider-trading laws apply to these markets.

AI-synthesized from multiple reported sources