House Oversight chair launches probe into insider trading on Kalshi and Polymarket
The Block
House Oversight Committee Chair James Comer is investigating prediction markets Kalshi and Polymarket over concerns regarding insider trading and market integrity.Summary
House Oversight and Government Reform Committee Chairman James Comer has launched an investigation into the prediction market platforms Kalshi and Polymarket. The probe focuses on insider trading safeguards, with Comer requesting documents by June 5 to understand how these platforms detect anomalous activity, verify identities, and enforce geographic restrictions. This inquiry follows reports of suspicious betting patterns linked to U.S. political and military events, potentially fueling legislative efforts to ban government officials from participating in such markets.
(Source：The Block)