Republicans in Congress monitor prediction markets as scrutiny rises

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Kalshi hires more staff in Washington to build political capital

Kalshi's strategic D.C. expansion highlights the prediction market industry's push for favorable regulation amid looming oversight challenges. The post Kalshi hires more staff in Washington to build political capital appeared first on Crypto Briefing.

Jun 9, 12:53 AM

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Peter Schiff Calls Jamie Dimon’s Stablecoin Regulation Argument ‘Nonsense’

Peter Schiff pushed back against JPMorgan Chase CEO Jamie Dimon’s call for bank-style rules on crypto firms offering yield products. The debate centers on whether stablecoin issuers, which typically back tokens with reserves, should be regulated like federally insured banks that use deposits to make loans. Peter Schiff Says Bank Rules Do Not Fit Stablecoin […]

Jun 8, 11:30 PM

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Congress revives crypto tax reform as CLARITY negotiations intensify

U.S. lawmakers have reopened debate on digital asset taxation through seven separate crypto tax proposals while Senate negotiators continue work on the CLARITY Act ahead of a possible floor vote before August. According to the House Ways and Means Committee,…

Jun 8, 9:28 PM

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Warsh Faces His First Test June 17 as Traders Hunt for Hidden Signals in the Fed’s Dot Plot

Traders on multiple prediction markets are pricing near-certainty that the Federal Reserve will hold interest rates unchanged at its June 16–17 meeting, even as a new Fed Chair steps into one of the most scrutinized policy seats in the world. Warsh Takes the Chair Kevin Warsh officially leads the Federal Open Market Committee (FOMC) for […]

Jun 8, 6:49 PM

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$2 Billion and Counting: Polymarket and Kalshi See Record Inflows Ahead of FIFA World Cup Kickoff

The FIFA World Cup, expected to be one of the largest events in sports history, is already seeing huge trading volume in prediction markets as users seek to predict which team will win. Volumes for these contracts have reached nearly $2 billion in Kalshi and Polymarket. FIFA World Cup Derivatives Start Moving Billions in Prediction […]

Jun 8, 4:43 PM

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Congress nears final vote on $70 billion immigration funding package

The U.S. House has moved closer to approving a $70 billion immigration funding package after Senate passage last week. Lawmakers could hold a final vote as early as Tuesday and send the measure to President Donald Trump. The legislation would…

Jun 8, 4:21 PM

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Congress to Discuss Crypto Tax Rules: What to Watch

The House Ways and Means committee will review draft crypto tax bills covering staking, mining, network fees, and reporting.

Jun 8, 1:52 PM

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South Korea unveils measures to stem won slide and curb speculation

South Korea's regulatory shift may stabilize the won, but it could also deter speculative trading, impacting market dynamics and investor strategies. The post South Korea unveils measures to stem won slide and curb speculation appeared first on Crypto Briefing.

Jun 8, 11:03 AM