We urge the Department of Justice (DOJ) to further prioritize criminal investigations and civil actions targeting abuses in prediction markets to protect U.S. financial markets, investors, and the public from fraudulent conduct.
Urge the Department of Justice to prioritize investigations and enforcement actions against insider trading and other abuses on prediction market platforms, including enforcing platform safeguards to detect and prevent illegal activity.
Occurrences
Evidence
Titus said she introduced a House resolution to ban Representatives, staff, and House officers from participating in prediction markets, arguing that no Member should profit from insider knowledge on platforms like Kalshi and Polymarket. The resolution also calls on the executive and judicial branches to adopt similar restrictions.
The Guardian reported that federal authorities were investigating former Rep. George Santos over suspected insider trading tied to Kalshi bets, with Kalshi said to have flagged the trade to regulators. The report noted that DOJ and CFTC had not commented.
Assessments
Titus took a concrete same-term step on the underlying issue by introducing a House resolution to bar members and staff from participating in prediction markets, citing insider-knowledge concerns. That materially relates to prediction-market abuse, but the promise was narrower and more specific: urging the Department of Justice to prioritize investigations and enforcement actions and to enforce platform safeguards against illegal activity. The provided evidence does not show a DOJ-directed request from Titus, a platform-safeguards push, or a Titus-driven enforcement outcome. Separate federal investigative activity does not by itself establish delivery because it is not tied to her advocacy. That supports partial credit rather than full delivery.