Prediction markets are entering a new phase. Congress expanding its probe to $HYPE , Crypto.com and PredictIt is something traders should pay attention to. The investigation does not prove wrongdoing. But for traders, the bigger question is what comes next. If regulators push for tighter KYC, stronger surveillance, or new rules around event-based markets, that could directly affect liquidity, access, leverage and trading opportunities. Trader takeaway: don’t trade the headline watch the policy response. If the rules change, market structure can change with them. That means traders should be watching volume, liquidity, platform restrictions and regulatory announcements rather than simply reacting to the investigation itself. This is one of those stories where the second-order effects may matter more than the headline.