The chairman of the U.S. House Committee on Oversight and Government Reform has sent letters to the CEOs of Kalshi and Polymarket, questioning how the two companies have handled insider trading incidents on their platforms.
Cointelegraph attempted to reach out to Polymarket and Kalshi for comments regarding the House investigation but did not receive an immediate response from either company.
According to reports, a U.S. soldier is currently facing court proceedings for allegedly profiting from betting in Venezuela. Van Dyke has pleaded not guilty to the charges, which include commodity fraud and the illegal use of confidential government information for personal gain. He has been released on a $250,000 bail and is restricted from traveling between North Carolina, California, and New York.