Prediction markets face rising regulatory pressure, with congressional Democrats proposing legislation to ban contracts tied to elections, war and government actions.
Polymarket pulls controversial Iran rescue markets after intense backlash
Prediction markets face rising regulatory pressure, with congressional Democrats proposing legislation to ban contracts tied to elections, war and government actions.
Shares:
The Senate Agriculture Committee said Tuesday its postponed crypto market structure bill would drop on Jan. 21 and be debated six days later.
The FBI raided Polymarket founder Shayne Coplan's home last year.
The FBI was able to recover 40,300 USDT.ETH, which it is now seeking to return to the victim.
The U.S. Senate Agriculture Committee's next draft is expected to shield developers from liability, insiders have been advised, but it may without Democrat backing.