Bryan Steil seeks prediction market ban for lawmakers

Rep. Bryan Steil said he'll add language to the House congressional stock ban bill to cover prediction markets like Polymarket and Kalshi.

Former U.S. congressman George Santos publicly promised he would attend President Trump’s State of the Union address in February, then quietly bet on Kalshi that he would not, according to people familiar with his trades. The prediction market froze his account and referred the case to two federal regulators, both of whom have opened insider-trading […]

Federal investigators have opened a probe into former U.S. Representative George Santos after suspicious prediction market trades allegedly generated tens of thousands of dollars around President Donald Trump’s February State of the Union address. NPR reported that the Department of…

A six-figure trade settled against the Ornn Compute Price Index pushes the world's largest prediction market into TradFi-style risk transfer, with FalconX signing on as a dedicated market maker for future blocks.

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The post Hyperliquid HYPE Hits New ATH Above $67 as Volume Tops BNB Chain appeared on BitcoinEthereumNews.com. TLDR: HYPE surged above $67, setting a new all-time high and pushing market value beyond $14 billion. Hyperliquid’s trading volume surpassed BNB, reflecting growing user activity and liquidity. More than 45 million HYPE tokens have been removed through ongoing protocol buyback programs. Whale profit-taking emerged, while prediction market plans remained a focus for traders. The Hyperliquid HYPE token price continues to capture market attention after climbing to a new all-time high above $67. The latest rally comes amid strong platform growth, rising trading activity, and sustained token buybacks that have strengthened investor interest across the ecosystem. Hyperliquid HYPE Token Price Climbs as Trading Activity Accelerates Hyperliquid HYPE token price surged to a fresh record high, extending one of the strongest rallies currently unfolding in the digital asset market. The tok

The post Kalshi Sues Minnesota to Block First US Felony Ban on Prediction Markets appeared on BitcoinEthereumNews.com. Key Takeaways Kalshi sued the state of Minnesota on May 28 to block SF4760, a felony ban set to take effect August 1, 2026. The CFTC filed its own suit against Minnesota within 24 hours of the bill’s May 18 signing. More than a dozen states have moved against Kalshi; the case could decide who regulates the sector. Minnesota’s First-in-Nation Felony Ban Kalshi, a federally regulated prediction market where users trade contracts on the outcome of real-world events, asked a federal court to strike down Minnesota’s SF4760, a law it says would criminalize its business in the state. Governor Tim Walz signed the measure on May 18, and it is set to take effect on August 1, 2026, making Minnesota the first U.S. state to treat the operation and advertising of prediction markets as a felony. The lawsuit, filed on May 28, argues the ban cannot stand because prediction markets are

Prediction market platform Kalshi has filed a federal lawsuit to block a first-in-the-nation Minnesota law that would make operating or advertising prediction markets a felony, escalating a nationwide fight over who regulates the fast-growing sector. Minnesota’s First-in-Nation Felony Ban Kalshi, a federally regulated prediction market where users trade contracts on the outcome of real-world events, […]