U.S. House Initiates Insider Trading Investigation into Kalshi and Polymarket, Considers Legislation to Ban Congressional Participation

Insider Investigation into Two Prediction Market Companies

On May 22, James Comer, Chairman of the U.S. House Oversight and Government Reform Committee (Republican, Kentucky), appeared on CNBC's 'Squawk Box' to announce the start of an insider trading investigation into the prediction market platforms Kalshi and Polymarket.

On the same day, Chairman Comer requested internal records from Kalshi CEO Tarek Mansour and Polymarket...