Senators

Top prediction market sites usher in new guardrails after senators introduced bill that could limit booming industryKalshi and Polymarket, the two biggest prediction market sites, rushed to institute new industry guardrails and add new surveillance tools on Monday after two key senators announced legislation that could severely curtail the industry’s prospects.Kalshi said it would ban political candidates from trading on their own campaigns, and it would preemptively block anyone involved in college or professional sports from trading contracts related to the sports they play or are employed by. Continue reading...

• Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) announced a tentative agreement with White House officials Friday on cryptocurrency legislation addressing the clash between banks and digital asset firms over stablecoin yield payments. • The agreement aims to bar yield payments 'on a passive balance' to prevent deposit flight from traditional bank accounts to cryptocurrency platforms, addressing Wall Street concerns about customer capital migration. • The breakthrough could unblock landmark crypto regulatory legislation stalled in Senate Banking Committee since January and represents potential progress toward comprehensive digital asset framework.

• President Trump confronts a pivotal Iran war decision on deploying U.S. troops to seize Tehran's enriched uranium, deemed essential by nuclear experts but politically risky amid vows against prolonged Middle East conflicts. • Sen. Richard Blumenthal (D-Conn.) warned that securing uranium requires a physical U.S. presence, criticizing Trump's 'confused and chaotic objectives,' while Sen. Rick Scott (R-Fla.) noted no briefing exists on alternatives to boots on the ground. • Sen. James Risch (R-Idaho) cited multiple plans on the table without details, as Defense Secretary Pete Hegseth emphasized available options without specifics; Trump claimed strikes neutralized the nuclear threat.