Kalshi, Polymarket lobby as insider trading, betting eyed by Congress
[ad_1] With proposals to rein in prediction markets proliferating through the halls of Congress in recent weeks and months, Kalshi — one of the biggest players in the booming industry — went on defense. The New York-based platform launched an ad campaign throughout Washington, rolling out mint-green spreads on billboards, bus shelters and inserts in […]
Swalwell attorney denies misconduct, says congressman took accountability for ‘lapses in judgment’
[ad_1] NEWYou can now listen to Fox News articles! Rep. Eric Swalwell’s attorney, Elias Dabaie, stated that the California congressman denies allegations of sexual misconduct, while acknowledging “lapses in judgment,” as multiple women have come forward and Swalwell’s biggest endorsements continued to be rescinded. “We take these allegations very seriously,” Dabaie said. “The congressman categorically […]
Prediction market bets on sports, election, war would be verboten under new legislation
[ad_1] Sen. Jeff Merkley (D-OR) speaks at a news conference on his marathon overnight speech on the Senate floor at the U.S. Capitol Building on Oct. 22, 2025 in Washington, DC. Andrew Harnik | Getty Images A group of congressional Democrats on Thursday introduced legislation that would ban prediction market bets on elections, government actions, […]
Iran war prediction market bets draw heat: ‘Insane this is legal’
[ad_1] Prediction markets are facing renewed scrutiny from federal lawmakers after wagers about the fate of Iranian leader Ayatollah Ali Khamenei, who was killed in the Saturday bombardment of Iran. “It’s insane this is legal,” said Sen. Chris Murphy, D-Conn., in a post to X, referring to another post highlighting people who had made money […]