Democrats urge Comer to subpoena prediction markets over suspicious trades

Democrats urge Comer to subpoena prediction markets over suspicious trades

A group of seven Democrats sent a letter on Monday to House Oversight and Government Reform Committee Chair James Comer (R-K.Y.), asking him to issue subpoenas pursuant to an investigation into “suspicious” trades on prediction markets relating to the war with Iran.  Democratic Reps. Maggie Goodlander (N.H.), Sara Jacobs (Calif.), Seth Magaziner (R.I.), Seth Moulton…

Democrats Demand Subpoenas Over Suspicious Iran War Bets on Prediction Markets

A letter from seven House Democrats was sent to House Oversight Chair James Comer on Monday that urged for subpoena power to dig into a number of suspiciously timed trades on prediction markets tied to U.S. military operations in Iran. In a growing effort to crackdown on prediction markets, this latest letter is yet another push from Congress to bring platforms like Polymarket and Kalshi under direct investigative scrutiny.  The lawmakers cited …