[US House Oversight Committee: Current Law Prohibits Officials from Trading Commodity Derivatives with Non-Public Information] Odaily reports that a staff memo released by the US House Oversight Committee states that the Commodity Exchange Act, as amended by the STOCK Act, prohibits federal employees, members of Congress, and others from using non-public information obtained in their positions to trade commodity futures, options, or swaps. The committee's investigation collected nearly 1,700 pages of documents and heard five bipartisan staff briefings from prediction market platforms. The memo states that Congress could consider further restrictions on federal personnel's involvement in prediction market trading, including a blanket ban or restrictions on contracts involving government decision-making. The committee also affirmed the platforms' self-regulation, stating that most insider trading incidents were initially discovered and reported to regulators by the platforms. Polymarket has hired a former law enforcement expert and partnered with Chainalysis to launch the monitoring software PolyGraph; Kalshi is also strengthening its monitoring processes. The materials also mention that a US soldier was indicted in April for allegedly trading on Polymarket related to the military operation that led to the arrest of Venezuelan President Nicolás Maduro; a former White House teleprompter operator was fined by the CFTC in August for betting on a presidential speech. (Decrypt)