According to Foresight News, the U.S. House Committee on Oversight and Government Reform released a memorandum investigating insider trading in prediction markets. The committee recommends Congress enact legislation to restrict or prohibit federal officials, lawmakers, and their staff from participating in prediction markets, with options including complete trading bans or limitations on government-related contracts. The committee obtained approximately 1,700 pages of documents and received briefings from five platforms. Most insider trading incidents were identified and reported by the platforms themselves, with Polymarket and Kalshi implementing enhanced monitoring mechanisms.

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