US Senator Warren plans to strengthen oversight of prediction markets and the Trump family's crypto business.
Original headline美参议员沃伦拟加强预测市场及特朗普家族加密业务监督
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Senator Elizabeth Warren will intensify oversight of prediction markets and the Trump family's crypto ventures after becoming chair of the Senate Banking Committee in January, her committee aides said. Warren has asked Trump's meme coin and family-backed project World Liberty Financial to preserve records and prepare for questioning over potential conflicts of interest, and has previously pressed Kalshi and Polymarket on how they guard against insider trading. She aims to end what her aides describe as a lack of supervision in prediction markets that lets insiders profit. The move signals tougher congressional scrutiny of both the fast-growing event-contracts sector and the president's family crypto businesses when Republicans take control of the chamber's agenda.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Elizabeth Warren, Trump family crypto business, World Liberty Financial, Senate Banking Committee, Polymarket, Kalshi