House Oversight Targets Hyperliquid, Crypto.com and PredictIt in Insider Trading Probe
Comer said some traders made thousands of dollars on nonpublic information as the committee seeks identity checks and trade-surveillance records.
- On Tuesday, House Oversight Committee Chairman James Comer expanded an investigation into insider trading on prediction markets, requesting information from Hyperliquid, Crypto.com, and Aristotle Exchange Inc. on their identity verification and trade surveillance procedures.
- Comer cited a Hyperliquid trade where an investor netted about $192 million after President Donald Trump announced 100% tariffs in October 2025, calling the trade "precisely timed to a nonpublic government decision."
- The committee's wider inquiry, opened in May, has already collected nearly 1,000 documents from Kalshi and Polymarket, with Comer stating "some bad actors have exploited the platforms" using nonpublic information.
- Previous cases include former Rep. George Santos, whom Kalshi fined $71,356 in August, and a U.S. soldier arrested in April for allegedly netting roughly $400,000 from Polymarket bets.
- The House Oversight Committee continues investigating whether these platforms fulfill legal obligations, including maintaining robust know-your-customer, or KYC, policies; spokespeople for the three newly targeted platforms did not immediately comment on Tuesday.
19 Articles
19 Articles
Comer widens insider trading probe to Crypto.com and Hyperliquid
House Oversight Chairman James Comer sent letters on September 29 to Crypto.com, Hyperliquid, and PredictIt's parent Aristotle Exchange, demanding KYC and suspicious-trading records by October 13. The move expands a May investigation into Kalshi and Polymarket that already produced nearly 1,000 documents, and the Hyperliquid letter cites a $1.1 billion short that turned into a $192 million payday just before Trump's October 2025 tariff announcem…
The committee chaired by James Comer is continuing its investigation into insider trading in prediction markets following Hyperliquid's involvement. The post US Congress Investigates Hyperliquid, Crypto.com, and PredictIt for Crypto Insider Trading appeared first on Merca2.
House Oversight Chair Comer Probes Crypto.com, Hyperliquid & PredictIt Over Identity Checks
In a major development confirmed on SEPTEMBER 29, 2026, Confirmed announcement/filing for House Oversight Chair Comer Probes Crypto.com, Hyperliquid & PredictIt Over Identity Checks. This operational move highlights expanding activity across the digital asset ecosystem and underscores key developments for market participants. Key Operational Milestones & Context According to primary regulatory and corporate filings verified on SEPTEMBER 29, 2026…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
