House Panel Seeks KYC, Trading Controls From Hyperliquid, Two Others
The inquiry examines identity checks and systems for detecting, investigating and reporting suspicious activity amid a broader insider-trading probe.
The House Committee on Oversight and Government Reform is seeking records on identity checks and suspicious-trading controls from Hyperliquid Labs, Crypto.com and Aristotle Exchange as part of an expanded inquiry into potential insider trading on prediction-market platforms.
Chairman James Comer requested documents covering customer identification, know-your-customer procedures and the systems used to detect, investigate and report unusual trading activity.
For Hyperliquid, Comer also raised large leveraged short positions that appeared minutes before the announcement of a U.S. tariff policy in October 2025. The request seeks additional information about those trades and the platform’s monitoring procedures.
Aristotle Exchange is the parent company of PredictIt.
The committee opened a related inquiry into Kalshi and Polymarket in May, focusing on user identity verification, geographic restrictions and safeguards against insider trading. The latest requests broaden congressional scrutiny of how trading platforms identify users and flag potentially improper activity.
