[US House Oversight Committee Recommends Restricting or Banning Government Personnel Trading in Prediction Markets] According to a statement from the US House Oversight and Government Reform Committee, the committee released a memorandum investigating insider trading in prediction markets, recommending that Congress legislate to restrict federal government personnel, members of Congress, and their staff from participating in prediction markets. The recommendations include a complete ban or restriction on trading in government-related contracts. The committee stated that it has obtained nearly 1,700 pages of documents and received briefings from five platforms; most insider trading incidents were discovered and reported by the platforms themselves, and Polymarket and Kalshi are continuously improving their monitoring mechanisms.