Google engineer charged with insider trading
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Congressional pressure on prediction markets continues to grow as Rep. James Comer (R-KY announced a new investigation into insider trading.
A Google software engineer was charged with insider trading on Polymarket, where he allegedly made more than $1 million betting on one of last year’s most popular Internet searches.Most Read from Bloo
New ethics filings reveal a portfolio concentrated in the exact companies shaping his administration's biggest deals.
The author explains that insider trading has grown from small schemes to global, large-scale crimes involving law firms and offshore accounts. Recent indictments reveal widespread illegal trading based on non-public info,
Sivers Semiconductors (SIVO) climbed ~50% on a Pentagon award, but faces insider trading probe and restated losses ahead of Nasdaq listing attempt.
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Oversight Chair James Comer demands info from Kalshi, Polymarket CEOs over alleged insider trading
In his letters, Comer ordered the execs to send company documents by June 5 detailing how they verify identities, enforce geographic restrictions and flag unusual transactions.
Rep. James Comer is requesting information from Kalshi and Polymarket on how the prediction markets guard against insider trading.