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The post Congress hits Polymarket and Kalshi with a massive insider trading probe appeared on BitcoinEthereumNews.com. The U.S. House Oversight Committee plans a probe into the largest prediction market platforms over suspicions that government employees could be exploiting classified information for personal gain. Rep. James Comer, R-Ky., chair of the House Oversight and Government Reform Committee, is seeding the internal records from the CEOs of Polymarket and Kalshi to determine if government employees are using insider knowledge to profit from policy and geopolitical and military operations, he said on CNBC’s Squawk Box on Friday. “There’s a concern now that members of Congress, members of the president’s administration, any type of government employee, can use basic insider knowledge and make huge profits on anything government-related,” Comer told CNBC. “So we want to not only launch an investigation to see how widespread this has been thus far, but also to prove a case that we’
Read full articlePrediction market traders on Polymarket have placed more than $154 million in bets on whether the United States and Iran will reach a permanent peace deal in 2026, as President Donald Trump described his decision as a “solid 50/50” between accepting a diplomatic agreement and resuming military strikes. Bitcoin rose 1.5% on the news, reclaiming […]
The Senate closed its doors without voting on the CLARITY Act, even though the committee had passed it with a strong 15-9 vote. Senator Lummis cautioned that if the present opportunity is missed, new law on crypto could be delayed till 2030. MiCA in Europe continues to develop as US legislators continue to try and […] The post Congress Delays CLARITY Act as Crypto Industry Fears Another Lost Year appeared first on Live Bitcoin News.
The post CLARITY Act Approval Odds Drop Massively, What’s The Reason? appeared on BitcoinEthereumNews.com. The CLARITY Act’s odds of passing before 2027 plummeted below 50% on prediction market platforms recently. Experts attribute this drop to uncertainty over the Senate’s busy legislative calendar and internal Republican debates. What Are the Odds of Approval For CLARITY Act? According to Kalshi, the probability of the CLARITY Act passing before 2027 has decreased from almost 75% last week to 49% currently. Chances also declined for passing before August 2026 at 37% and approval before July 2026 at 14%. The drop came after the Senate went on a week-long recess without taking any steps toward a large border security reconciliation package. The backlog is likely to make it more challenging for crypto legislation to get a date in June when lawmakers return. Journalist Eleanor Terrett wrote that “Clarity Act will now be competing for Senate floor time when lawmakers return the first week
The post Kalshi, Polymarket lose 2 state gambling appeals appeared on BitcoinEthereumNews.com. Kalshi and Polymarket lost bids to block gambling cases in Nevada and Washington. Summary A Ninth Circuit panel denied emergency motions from both platforms to halt state-level gambling enforcement actions. The judges ruled that federal derivatives oversight does not automatically shield prediction markets from state gaming laws. The decision deepens a growing legal split over whether sports event contracts are federally regulated swaps or gambling products. A three-judge Ninth Circuit panel denied emergency motions from both Kalshi and Polymarket to block lower court rulings, sending gambling enforcement cases in Nevada and Washington back to state courts. The orders came down on Thursday. The judges concluded that raising a defense under the Commodity Exchange Act does not create federal jurisdiction that would move the cases out of state courts. “The CEA preemption defense is an affirmativ
The investigation could lead to stricter regulations on prediction markets, impacting user trust and the operational dynamics of crypto platforms. The post James Comer launches investigation into prediction markets Kalshi and Polymarket over insider trading concerns appeared first on Crypto Briefing.
The investigation could lead to stricter regulations on prediction markets, impacting how they operate and their users' trading freedoms. The post US House Oversight Committee launches insider trading investigation into Polymarket and Kalshi appeared first on Crypto Briefing.
The court's decision could lead to increased regulatory scrutiny and compliance challenges for prediction markets, impacting their operations and growth. The post Kalshi and Polymarket lose bids to halt Nevada and Washington gambling cases appeared first on Crypto Briefing.
The investigation could lead to stricter regulations on prediction markets, impacting their growth and the participation of government employees. The post House Oversight Committee investigates potential insider trading on Polymarket and Kalshi appeared first on Crypto Briefing.
