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Rep. James Comer is demanding internal records from the prediction market CEOs, warning that government employees could be using classified information to make “huge profits”.\nWhat to know : The House Oversight Committee has opened an investigation into major prediction markets Polymarket and Kalshi over concerns that U.S. government employees may be using insider information to profit from policy and national security events. Chair James Comer is seeking internal records from the platforms’ CEOs and has signaled he may pursue legislation to bar members of Congress, administration officials and other government employees from participating in prediction markets. The probe comes amid rapid growth in prediction markets and mounting bipartisan scrutiny in Congress, with lawmakers and experts warning of national security risks, potential insider trading and problem gambling tied to the booming industry.