US officials scrutinise prediction markets over insider-trading concerns
US lawmakers from both parties questioned the head of a federal regulator about prediction markets at a hearing, as state and federal scrutiny grew. Polymarket halted a market on the timing of a US airman’s rescue after Rep. Seth Moulton objected, saying it did not meet the platform’s integrity standards. The White House also warned staff against trading on such markets with private information.
Operators face increased scrutiny over market integrity and the use of private information in prediction-market trading.