Comer seeks trading records from Crypto.com, Hyperliquid and PredictIt

Rep. James Comer asked Crypto.com, Hyperliquid and PredictIt for records on user identity checks and suspicious-trade detection. In letters sent Tuesday, he requested details on their tools for flagging trades involving nonpublic information. He also sought a list of referrals to regulators or law enforcement over the past two and a half years. Comer asked whether employees of Crypto.com affiliates had traded on contracts involving corporate decisions they knew about before those decisions became public. He requested Crypto.com records on government officials who may have traded on contracts linked to crypto regulation or the exchange's regulatory status. Comer's Hyperliquid letter addressed reports of a large leveraged short position placed before a major U.S. tariff announcement last October. He asked how Hyperliquid identifies account holders and refers suspicious trades to U.S. authorities. Comer sought PredictIt records on trades tied to elections, nominations and other government actions involving current or former officials. Aristotle Exchange owns PredictIt. The three companies had not replied to requests for comment by publication. Comer began the probe in May with letters to Kalshi and Polymarket. The committee said it has since received nearly 1,000 documents and multiple briefings from their representatives. Comer said the probe aims to assess insider trading and could lead to legislation barring government officials from trading on prediction markets.