US House Lawmakers Launch Probe into Kalshi, Polymarket Insider Trading
Cointelegraph
US House lawmakers are investigating prediction markets Kalshi and Polymarket over concerns regarding insider trading by government officials and politicians.Summary
The US House Oversight and Government Reform Committee has initiated an inquiry into prediction platforms Kalshi and Polymarket. Committee Chair James Comer sent letters to CEOs Tarek Mansour and Shayne Coplan requesting internal records following reports of suspicious trades, including bets placed ahead of military actions. Lawmakers are concerned that government officials may be leveraging confidential information to profit from event contracts. While the platforms have implemented measures to address insider trading, the probe highlights ongoing congressional scrutiny regarding the use of non-public knowledge in decentralized and prediction-based financial markets.
(Source：Cointelegraph)