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Welcome to ID Tech’s digest of identity industry news. Here’s what you need to know about the world of digital identity and biometrics today:

House Oversight Requests Identity Verification Records from Polymarket and Kalshi

The U.S. House Committee on Oversight and Accountability has issued formal requests to prediction market platforms Polymarket and Kalshi for their identity verification and KYC records. Lawmakers are seeking detailed documentation regarding how the platforms authenticate the geographical location and legal identities of their users. The inquiry focuses on ensuring strict compliance with federal regulations prohibiting domestic participants from trading on specific offshore or restricted prediction markets, as well as evaluating the effectiveness of their automated anti-money laundering controls.

Papua New Guinea Begins Drafting Digital ID and Verifiable Credentials Bill

The Government of Papua New Guinea has initiated the drafting process for a comprehensive Digital ID and Verifiable Credentials Bill. The proposed legislative framework aims to establish a secure national infrastructure for issuing and managing decentralized digital identities to citizens. By defining clear regulatory standards for verifiable credentials, the government seeks to improve public access to essential state services, minimize identity duplication fraud, and provide a legal foundation for secure electronic transactions within the country’s growing digital economy.

Foundation Raises $6.4M and Launches Passport Prime Device

Bitcoin hardware company Foundation has secured $6.4 million in a new funding round and launched Passport Prime, its latest cryptographic hardware security device. The next-generation device features an upgraded air-gapped architecture designed to manage digital keys and handle privacy-preserving identity operations without a physical data connection or wireless network interface. The capital injection will be used to scale international distribution channels, accelerate materials manufacturing, and expand the device’s open-source software functionalities for decentralized identity storage.

Spondula Opens Reservations for Portable “S-Handle” Payment Identities

Fintech startup Spondula has officially opened consumer reservations for its portable “S-Handle” biometric payment identity hardware. The pocket-sized hardware accessory integrates a high-resolution fingerprint sensor and an embedded secure element to create an isolated, hardware-bound digital token for retail and online commerce. By binding the user’s biometric template directly to the local device rather than a cloud database, the system allows individuals to securely authorize point-of-sale transactions and verify their financial identity across decentralized payment networks.

OneSpan Joins “We Build” and “Aptitude” EUDI Wallet Pilots

Identity security provider OneSpan has announced its participation in the “We Build” and “Aptitude” Large-Scale Pilots for the European Digital Identity (EUDI) Wallet. The collaborative cross-border testing programs are designed to evaluate the real-world interoperability, cryptographic security, and user experience of localized digital wallets under the eIDAS 2.0 regulatory framework. OneSpan will contribute its cloud-based electronic signature and mobile app security technologies to help validate how citizens can securely store, present, and verify official digital credentials across multiple EU member states.

Shufti and FTAbHK to Examine Documentless Address Verification

Shufti Pro and the Fintech Association of Hong Kong (FTAbHK) have launched a joint research initiative to examine the feasibility of documentless address verification systems. The study focuses on moving away from traditional, easily falsified paper methods—such as utility bills or bank statements—toward automated API checks that reference trusted utility grids, telecom network data, and official government registries. The goal is to provide financial institutions with a faster, lower-friction onboarding framework that meets strict regional anti-money laundering guidelines.

Google Wallet and Google Pay Add Cross-Device Biometric ApprovalToday’s digest covers a House Oversight inquiry into Polymarket and Kalshi’s KYC, Google Wallet’s new cross-device biometric approvals, and OneSpan joining the EUDI Wallet pilots.

Google has updated its digital commerce ecosystem by adding digital ID verification and cross-device biometric approval capabilities to Google Wallet and Google Pay. The feature enhancement enables users to securely verify their stored digital driver’s licenses or state IDs for restricted online services. Additionally, the new cross-device approval mechanism allows individuals to authenticate high-value online transactions on a desktop or laptop by confirming their identity via a fingerprint or facial scan on their paired mobile device, enhancing security against card-not-present fraud.

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By the ID Tech Editorial Team