Kalshi Suspensions Include State Senator Sponsoring a Prediction Markets Ban
[ad_1] Key Takeaways ▸ Kalshi suspended three political candidates for trading on their own elections, framing the activity as insider trading under its CFTC-approved rules. ▸ One of those candidates, Minnesota State Sen. Matt Klein, is also sponsoring legislation to ban prediction markets, adding a layer of political tension to the enforcement action. ▸ The […]
US Senator Blumenthal Presses Officials for Update on Binance Oversight
[ad_1] Connecticut Senator Richard Blumenthal questioned US authorities responsible for overseeing Binance about whether the company is complying with anti-money laundering laws and sanctions under its 2023 court-imposed monitoring program. According to a report published by Fortune on Friday, Blumenthal sent letters to the Justice Department and the US Treasury’s Financial Crimes Enforcement Network (FinCEN), […]
‘We are so Close this Time‘ — Senator Lummis on Market Structure Bill
[ad_1] Wyoming Senator Cynthia Lummis, one of the main proponents of a digital asset market structure bill in the US Congress, has said that the legislation is getting closer to passage despite “things that [she] did not expect” in 2025. Speaking at the DC Blockchain Summit hosted by the Digital Chamber on Wednesday, Lummis said […]