House lawmakers launch insider trading probe into Kalshi and Polymarket

TL;DR

The House Oversight Committee is investigating Kalshi and Polymarket for alleged insider trading.
Chairman James Comer is seeking details on the companies' insider trading investigation and user verification processes.
Suspiciously timed bets on events like the Iran war and Nicolás Maduro's capture have raised concerns.
A soldier was charged with using confidential information to bet on Maduro's removal.
Both platforms have implemented new rules and tightened existing ones to prevent insider trading.
Kalshi has banned members of Congress from creating accounts and fined candidates for betting on their own elections.
Polymarket's new rule prohibits traders from betting on events if they have a position of authority that could affect the outcome.

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