On the 13th, the U.S. House Committee on Oversight and Reform issued an official statement releasing a staff memorandum concerning an investigation into government officials, military personnel, and individuals with security clearance using non-public information to trade in prediction markets for personal gain. The memorandum calls for Congress to consider legislation to further restrict the types of prediction markets that federal government employees, legislators, and congressional staff can participate in.
The memorandum also urges prediction market platforms to self-regulate...