House Oversight Committee expands prediction-market probe to three more platforms
- —Requests to Polymarket and Kalshi went out on May 22; three more platforms were added on September 29
- —Lawmakers are examining identity verification, geoblocking and suspicious-trading monitoring
- —The CFTC sought public comment on event contracts on March 12 and issued staff advice on 'mention markets' on September 22
- —Bill H.R.7004 would bar government officials from trading contracts tied to events within their remit
Why it matters: Tighter scrutiny of prediction markets could restrict US access for platforms and reshape rules for Polymarket and Kalshi.
Source: TokenPost
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