June 27, 2026
US Congress Opens Formal Probe into Kalshi and Polymarket, Targeting KYC and Trade Surveillance

On Friday, the House Oversight Committee sent formal information requests to Kalshi and Polymarket, demanding internal records on identity verification and trade surveillance, escalating prediction markets to the compliance scrutiny Congress typically reserves for registered derivatives exchanges.

Rep. James Comer (R-Ky.), committee chair, announced the inquiry…
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