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 (Mass.), Chris Pappas (N.H.), Dina Titus (Nev.) and Rashida Tlaib (Mich.) wrote to Comer that they are “deeply concerned that individuals with access to sensitive government information have used that access for personal financial gain.”
Of the seven, Tlaib is the lone member of the Oversight panel. The Hill has requested comment from the office of Comer, the committee’s chair since January 2023.
Last month, U.S. Army soldier Gannon Van Dyke was arrested and charged with using classified information about the operation to capture Venezuelan President Nicolás Maduro to place bets on Polymarket regarding the mission. He allegedly made more than $400,000 in profits from the wagers, according to the Justice Department.
Polymarket and other online prediction markets, such as Kalshi, allow individuals to bet on the outcomes of real-life events, including sports games, election outcomes, daily stock and commodity price changes and geopolitical events.
The Democratic lawmakers referenced Van Dyke’s arrest, which they said, “illustrates the seriousness of the issue.” They also highlighted a CNN report........