Kalshi has unveiled a new advocacy group called Americans for Fair Markets to influence policymakers on prediction markets. The move comes as the US House Oversight Committee launched an investigation into Kalshi and Polymarket over insider trading concerns.
Rep. James Comer, chair of the House Oversight Committee, sent letters Friday to the CEOs of Polymarket and Kalshi seeking internal records on identity verification, geographic restrictions, and monitoring of suspicious trading activity. Comer raised concerns that government employees could use classified information to profit from policy and national security events on the platforms.
