Congress Probes Polymarket Insider Trading — What It Means for Your Prediction Market Positions
Congress launched an insider‑trading investigation into Polymarket and Kalshi, putting the future of US‑based prediction markets in doubt.
All Cowlpane coverage tagged prediction markets, sourced from global financial publications and updated continuously.
Congress launched an insider‑trading investigation into Polymarket and Kalshi, putting the future of US‑based prediction markets in doubt.
House Oversight Chair James Comer opened a probe on May 24, 2026, targeting Kalshi and Polymarket, signaling looming regulatory headwinds for crypto‑based prediction markets.
House Oversight chair James Comer subpoenaed Polymarket and Kalshi on May 31, flagging 80 near‑perfect bets and sparking on‑chain risk concerns for prediction‑market users.
Polymarket hired Jupiter’s Japan head, targeting regulatory approval by 2030 as volumes slip and Asian interest rises.
India’s MeitY directive shut down Polymarket on May 22, cutting off Indian traders from the world’s largest decentralized prediction market.
U.S. regulators halt event‑contract ETFs and sign a prediction‑market MOU, sparking a legal battle that could force market closures by next year.
Prediction markets surged past $2 billion in 2024, driven largely by men under 35, a trend that could reshape risk exposure for retail investors.
NHL and CFTC inked a data‑sharing pact, tightening oversight of sports betting platforms and threatening insider‑trading schemes.
Polymarket users placed 80 near‑perfect bets on U.S. strikes, revealing insider data that could expose your trades to state actors.
The Senate Commerce Committee grilled Kalshi, Crypto.com and others on gambling risks, while the CFTC sued Minnesota over a new anti‑prediction‑market law.
Polymarket opens private‑company prediction markets on May 1 2026, while a Minnesota court orders a ban to take effect April 15 2026, putting regulators and investors in a tight spot.
Minnesota outlawed all prediction‑market platforms on Aug. 1, prompting a CFTC lawsuit that could slash state‑level crypto betting.
Polymarket has introduced a new line of prediction markets that allow users to bet on the performance of private companies, expanding its offerings beyond public events. The move could reshape how investors gauge private firm prospects.
The EU will bar Chinese medical device makers from large public contracts and impose multi‑supplier sourcing rules, while prediction‑market giants Kalshi and Polymarket open to Indian users without local licences.
The CFTC will collaborate with the NFL, NBA and others to monitor insider trading on prediction platforms, treating them as commodities. The move follows a data‑sharing deal with MLB and could reshape regulation for crypto‑based betting sites.