Regulation· ★★★· neutral·

Rep. James Comer expands investigation into prediction market insider trading

  • —Comer requested compliance records from Polymarket and Kalshi on identity verification and anomalous trades
  • —Over 80 Polymarket trades appeared to anticipate major geopolitical events before public disclosure
  • —One trader netted nearly $1 million with a 93% success rate on bets tied to US strikes on Iran
  • —Army Master Sgt. Gannon Van Dyke was indicted for allegedly making $409,881 on classified Venezuela intel
Why it matters: The probe could lead to legislation barring government employees from trading on prediction markets, reshaping oversight of Polymarket and Kalshi.
Source: Crypto Briefing
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