Rep. Comer Targets 3 Platforms in Expanded Prediction Market Probe

Crypto Insight Summary: House Oversight Chairman James Comer has expanded Congress’s prediction market insider trading investigation to Hyperliquid, Crypto.com, and Predictit, demanding records by Oct. 13. The inquiry follows allegations that a U.S. Army master sergeant earned more than $409,000 betting with classified intelligence on Polymarket. Lawmakers are also examining a suspiciously timed $1.1 billion leveraged crypto trade […] Crypto Insight Analysis: Direction: Bearish Hyperliquid / Bearish Crypto.com / Bearish Predictit Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory scrutiny of prediction markets may deter investors and impact platform reputation.