Bitcoin Magazine Elizabeth Warren Plans Prediction Market Crackdown as She Prepares to Chair Senate Banking
Sen. Elizabeth Warren plans to crack down on prediction markets once she takes the Senate Banking Committee gavel in January, with a banking aide telling Punchbowl News that Warren would seek to stop the sector’s “Wild West-style lack of oversight.”
The Massachusetts Democrat is poised to chair the panel after Democrats swept both chambers of Congress last week, putting her in charge of a portfolio that covers banking, housing, the Federal Reserve and cryptocurrency. Punchbowl published the aide’s rundown of her agenda on Monday.
Warren intends to use the committee’s investigative powers for oversight of prediction markets and election betting platforms, aimed at insider trading and platform manipulation — the same fight she opened before the midterms.
Source: Bitcoin Magazine
Curated by GTokenTool. All rights reserved by the original publisher. For informational purposes only — not investment advice.