[US House Oversight Committee Memo Recommends Considering Restrictions on Officials' Participation in Prediction Markets] According to a report by Decrypt on November 14th, the US House Oversight Committee released a staff memo recommending that Congress consider further restrictions on federal government personnel's participation in prediction markets, including a blanket ban on trading or restrictions on specific contracts related to government affairs. The committee investigated the risks of government officials, military personnel, and those with security clearances trading on non-public information, collecting nearly 1,700 pages of documents and receiving five bipartisan briefings from prediction market platforms. The memo notes that existing insider trading laws already apply to prediction markets and commends platforms such as Polymarket and Kalshi for their monitoring of suspicious transactions.