The House of Representatives requires submission of materials by June 5th; the 'black box' operations of the prediction market are likely to be exposed—cryptographic anonymity meets regulatory iron fists, this script feels familiar.

CryptoWorld News reports that U.S. House Oversight Committee Chairman James Comer announced an investigation into insider trading involving Kalshi and Polymarket, demanding both companies submit relevant documents on identity verification, geographic restrictions, and abnormal trading monitoring by June 5. The committee stated that the anonymity of prediction markets and the crypto infrastructure could be exploited by insiders for trading.