Washington, May 11 -- Congressman Chris Pappas issued the following press release:
Today Congressman Chris Pappas (NH-01) called on Congressman James Comer (KY-01), the Chairman of the House Committee on Oversight, to formally open an investigation into corruption and insider trading occurring in online prediction markets by subpoenaing internal records from these markets (https://pappas.house.gov/sites/evo-subsites/pappas-evo.house.gov/files/evo-media-document/68894.pdf).
Online prediction markets allow individuals to gamble on the outcomes of a wide variety of real-life events, including sports games, election outcomes, daily stock and commodity price changes, whether certain legislation being considered by Congress will be signed into ...