U.S. House Democrats push FTC probe into prediction market ads
U.S. House Democrats urge FTC to probe prediction markets over ads that frame event contracts as sports betting despite financial-product claims.
Cointelegraph·
Nearly a dozen candidates across three US states won their primaries or will advance to the November election after they were supported by $3.5 million in ads funded by crypto industry-aligned PACs.
Read full articleU.S. House Democrats urge FTC to probe prediction markets over ads that frame event contracts as sports betting despite financial-product claims.
An affiliate of a political action committee backed by crypto companies ramped up spending on ads in California ahead of Tuesday’s primaries, but still has millions of dollars at stake in Maryland later this month.
Political efforts tied to the crypto industry scored another set of wins in Texas, strengthening the case that the sector’s influence in US politics remains strong under a more pro-digital asset administration. According to reporting from Eleanor Terret of Crypto In America, the crypto industry went 6-for-6 backing winning candidates in the Texas primary runoffs held Tuesday night. Anti-Crypto Hits At The Ballot Box One of the biggest results came from the Democratic primary runoff in Texas’s 18th Congressional District. In that race, Terret reported that Rep. Christian Menefee defeated 20-year incumbent Rep. Al Green. Fairshake, the industry’s leading super political action committee (PAC), took credit for the win after spending roughly $6.5 million on the race, largely through advertisements supporting Menefee. Related Reading: Will XRP Price Ever Reach $200? Top Expert Discloses What Must Happen First A Fairshake spokesman, Geoff Vetter, argued that Green’s loss showed how anti-c
While crypto industry-backed candidates won runoffs in Texas on Tuesday, industry PACs have less of a stake in California races next week.
Christian Menefee defeats Al Green in Texas runoff after Fairshake-backed crypto PAC spending, giving pro-crypto forces a key House win.
A blockchain analyst has warned that malicious phishing advertisements impersonating Uniswap have appeared on Google Search, which has netted attackers at least $400,000.
A crypto PAC affiliated with Fairshake has poured $5 million into a Texas congressional runoff ahead of Tuesday’s vote. Protect Progress, an affiliate of the crypto-backed Fairshake PAC, spent $5 million supporting Democratic challenger Christian Menefee in Tuesday’s Texas 18th…
The crypto-aligned Protect Progress PAC reported spending another $750,000 on media for a Democratic candidate over Representative Al Green, whom it described as “actively hostile” to digital assets.