⛓️ Crypto🔴 BearishImportance 7/10Actionable

US Senator Targets Prediction Markets, Citing War Bets and Insider Risks

BeInCrypto|Oluwapelumi Adejumo|February 28, 2026 at 05:22 PM|1 views

🤖AI Summary

US Senator Chris Murphy announced plans to introduce legislation banning prediction markets, calling them 'corrupt and destabilizing.' The move specifically targets platforms like Polymarket amid concerns about war betting and insider trading risks.

Key Takeaways

→Senator Chris Murphy plans to introduce legislation to ban prediction markets in the US.
→The senator characterizes prediction markets as 'corrupt and destabilizing' to the system.
→Concerns include betting on war outcomes and potential insider trading advantages.
→This legislative threat poses regulatory risks to platforms like Polymarket.
→The move represents escalating government scrutiny of decentralized prediction platforms.

#prediction-markets #polymarket #regulation #us-senate #ban #chris-murphy #insider-trading #war-betting #legislation #regulatory-risk

Read Original →via BeInCrypto

Crypto5h ago

Bitcoin In The Line Of Fire: Price Dips To $63k As US, Israel Launch Strikes On Iran

Bitcoin dropped 3.8% to $63,038 and Ethereum fell 9% following coordinated US-Israel military strikes on Iran's nuclear and military facilities. Over 152,000 crypto traders were liquidated totaling $515 million as digital assets absorbed weekend panic selling while traditional markets remained closed.

Crypto31m ago

Bitcoin recovers instantly after Iran war crashes price but one Monday number could flip the next move

Bitcoin quickly recovered to mid-$64,000 levels after experiencing volatility during U.S. and Israeli strikes on Iran over the weekend. The price swings occurred during low-liquidity hours, and market attention is now shifting to upcoming ETF flows data that could determine Bitcoin's next direction.

Crypto1h ago

Ethereum Breakout Alert: Corrective Channel Flip Sparks Impulsive Wave

Ethereum is showing signs of a major breakout after flipping a corrective price channel, with technical analysis suggesting the start of Wave 3 of an impulsive rally. Analysts project a minimum target of $2,624.14 with potential extension to 261.8% Fibonacci levels, while recent price action swept range highs and captured liquidity.