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CLARITY Act Markup in US Senate Delayed Again — Potentially to May
Senator Tom Tillis indicated the Senate Banking Committee is unlikely to advance the CLARITY Act crypto bill in April. The stablecoin yield dispute between banks and crypto firms remains the key sticking point.
More Perfect Union Investigation Exposes Prediction Markets Polymarket and Kalshi
American media outlet More Perfect Union rejected a partnership offer from Polymarket and instead conducted an investigation questioning the accuracy, fairness, and business model of prediction market platforms.
US Tax Experts Struggle to Agree on How to Tax Prediction Market Winnings
American tax professionals can't reach consensus on how users of prediction platforms like Polymarket and Kalshi should report their earnings. The IRS has yet to issue official guidance.
JPMorgan CEO Jamie Dimon Opens Door to Prediction Markets Entry
JPMorgan CEO Jamie Dimon said the world's largest bank may eventually enter the prediction markets space, as the sector hits record $23.2 billion in monthly trading volume.
Kalshi Voids Khamenei Market: Traders Report $100K+ Losses
Prediction market Kalshi voided a market tied to Iran's supreme leader, citing ethical reasons. Despite CEO assurances of full refunds, traders report significant losses and threaten lawsuits.
Insiders Netted Over $1M from ZachXBT Investigation Bets on Polymarket
On-chain researcher defioasis.eth found that 8 out of 10 top-earning wallets on a ZachXBT-related Polymarket market show signs of insider trading. Meanwhile, Kalshi is conducting roughly 200 insider trading investigations.
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