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Congress Probes Prediction Markets for Insider Trading

Congress Probes Prediction Markets for Insider Trading

Published 2 days, 9 hours ago
Description

House lawmakers probe prediction market platforms for insider trading, focusing on Kalshi and Polymarket. Chair of the Oversight Committee, James Comer, requests information on handling insider trading, particularly after noticing suspicious trades before major events. The investigation aims to prevent elected officials and government employees from using privileged information for financial gain, following a case of a Master Sergeant allegedly profiting from classified information.

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