Search results for Adam Schiff
Crypto
U.S. lawmakers urge CFTC to ban wildfire betting in prediction markets
Nine Democratic U.S. senators urged the Commodity Futures Trading Commission to ban prediction-market contracts tied to wildfires, saying such betting could incentivise arson, enable insider trading and undermine public safety. The senators cited Polymarket taking in more than $1.2 million in bets linked to California wildfires in 2025 and said other new platforms also allow wildfire wagers. Their push comes as prediction markets expand and face rising legal and political pressure over regulation.
Crypto
U.S. senators urge CFTC probe into Polymarket over alleged deceptive marketing
Two U.S. senators asked the Commodity Futures Trading Commission to investigate allegations of deceptive marketing by prediction market platform Polymarket and to provide written answers. The lawmakers cited reports that Polymarket paid social media influencers to produce fake trading videos on sites resembling the platform. A Wall Street Journal report said it reviewed more than 1,100 videos, with about 70 percent showing fake bets totaling nearly $2 million.
Crypto
Five key moments that shook bitcoin on a word from Trump
Bitcoin is again showing a clear pattern of reacting instantly to remarks and social media posts by U.S. President Donald Trump, with prices swinging within minutes on geopolitical and policy messages. Recent moves tied to comments on the Strait of Hormuz, tariffs and crypto legislation have sparked rapid surges and selloffs, including double-digit drops. The repeated jolts are also fueling debate over market manipulation and insider trading, though no clear evidence has been confirmed.
