US House Oversight Committee Recommends Restricting Government Personnel from Trading on Prediction Markets

Odaily: The U.S. House Committee on Oversight and Government Reform has released a memorandum on its investigation into insider trading on prediction markets, recommending that Congress legislate to restrict federal government personnel, members of Congress, and their staff from participating in prediction market trading. Proposed measures include a full ban on trading or restricting trading in government-related contracts. The committee said it has obtained nearly 1,700 pages of documents and received briefings from five platforms; most insider trading incidents were discovered and reported by the platforms themselves, and Polymarket and Kalshi are continuously improving their monitoring mechanisms.