U.S. House Expands Insider-Trading Probe to Hyperliquid, Crypto.com and PredictIt
U.S. House scrutiny of online trading and prediction-market platforms expanded on September 29 to include:Hyperliquid Labs;Crypto.com;Aristotle Exchange, operator/owner of PredictIt. House Oversight Committee Chairman James Comer requested information about how the platforms:verify customer identities;detect suspicious trades;investigate anomalous activity;report possible misconduct to regulators or law enforcement. The inquiry extends an investigation that began earlier in 2026 with Polymarket and Kalshi.This is an inquiry, not an enforcement finding The House letters seek documents and explanations. They do not establish that:Hyperliquid facilitated insider trading;Crypto.com violated KYC law;PredictIt allowed illegal government-insider betting;any named trader possessed nonpublic information. WikiBit classifies the event as: Congressional Oversight / Developing rather than an adjudicated enforcement action.Why Hyperliquid is a notable inclusion Hyperliquid is not simply a conventional prediction market. It is a crypto derivatives venue known for perpetual futures. Its inclusion shows that congressional concern about nonpublic information can extend beyond event contracts into leveraged crypto trading when a position appears tied to a government decision.The large Hyperliquid short Reporting on the House letter says it references a leveraged Hyperliquid short position valued at approximately: $1.1 billion that was opened shortly before a U.S. tariff-policy announcement in October 2025. Reports say the trade generated around: $150 million in profit. These are cited investigative facts/allegations about the timing and size of a trade. They do not prove:who









