US Lawmakers Investigate Kalshi and Polymarket
May 22, 2026 at 17:20
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✦ AI Summary
- House lawmakers are probing insider trading allegations
- The inquiry centers on trades linked to US military actions
- CEOs of Kalshi and Polymarket have been summoned for information
US House lawmakers, led by Representative James Comer, are investigating potential insider trading activities involving major prediction market platforms Kalshi and Polymarket. This probe stems from reports of "suspiciously timed trades" connected to US military initiatives against Iran. Lawmakers are focusing on how these companies respond to such allegations, indicating a scrutiny of ethical practices within the burgeoning prediction market sector.
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