House Oversight Expands Insider Trading Probe to Hyperliquid, Crypto.com and PredictIt
- —Comer requested identity-check and trade-surveillance records from all three platforms
- —A Hyperliquid short before the Oct. 10, 2025 tariff announcement made about $192 million
- —The probe began May 22 with letters to Kalshi and Polymarket, which have supplied nearly 1,000 documents
- —Hyperliquid launched event contracts in May via its HIP-4 upgrade
Why it matters: Congressional scrutiny of prediction markets and DEXs could force mandatory identity verification and trade surveillance.
Source: Unchained