After the Senate voted to ban senators and congressional staff from trading on prediction markets, regulators and lawmakers are now pushing for broader restrictions amid growing fears of insider advantage, political manipulation, and national security risks. __ Wall Street Journal

What changed today is the tone:

This is no longer being treated as just a “crypto betting” issue — it’s becoming a question of who controls information before the public sees it.

Recent investigations linked suspiciously profitable trades on geopolitical events to wallets with near-perfect win rates, raising concerns that prediction markets may be vulnerable to privileged or leaked information. __ coindesk

Meanwhile, multiple U.S. states are moving against platforms tied to political and event-based markets, while Congress scrambles to introduce new regulation frameworks. __Reuters

The core issue is becoming clear:

Prediction markets were supposed to reflect collective intelligence.

But when insiders, officials, or connected actors can influence outcomes — markets risk turning into instruments of information asymmetry instead of transparent forecasting.

2026 may become the year prediction markets move from “future of forecasting” to one of the most heavily scrutinized sectors in crypto and finance.

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