Congress Expands Probe Into Prediction Markets Involving Hyperliquid & Crypto.com

Members of the US Congress have widened their investigation into prediction markets, specifically targeting Hyperliquid and Crypto.com. The move comes after recent reports that the two companies may be operating in a regulatory gray area.

In a latest development, lawmakers are demanding answers from both Hyperliquid and Crypto.com regarding their involvement with prediction markets.

While neither company has commented on the matter publicly, sources close to the investigation indicate that regulators are taking a closer look at the practices of both firms.

The Congressional probe is focused on ensuring that these companies comply with existing regulations and do not engage in any illicit activities.