On-chain betting is entering a regulatory era. The success of Polymarket and Kalshi, two of the leading predictive market platforms, hasn’t come without some insider trading suspicions, which have now caught the eye of Congress. Indeed, James Comer, chair of the House Oversight and Reform Committee, announced the launch of an investigation to determine if certain users exploited non-public information to rake in profits on these platforms. The stakes: the compliance of these firms with federal rules and their actual ability to spot suspicious trades.
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