House Oversight Opens Insider Trading Probe Into Polymarket and Kalshi as Kalshi Debuts New Lobbying Arm

House Oversight Opens Insider Trading Probe Into Polymarket and Kalshi as Kalshi Debuts New Lobbying Arm

House Oversight Chair James Comer launched a probe into Polymarket and Kalshi citing suspicious trades on Iran and Venezuela. Kalshi unveiled a new lobby group hours later.

Kalshi backs prediction markets lobby group with former Trump official

"We’re not going to be outspent or out-organized by entrenched interests protecting their monopolies," said John Bivona, head of government relations at Kalshi.