Auto Added by WPeMatico

Prediction Markets Price Platner’s Maine Senate Exit as All but Certain by Late July

Prediction-market traders now see the withdrawal of Maine Democratic Senate nominee Graham Platner as close to inevitable within weeks, after a new allegation triggered a collapse in Democratic support. Contracts…

Continue ReadingPrediction Markets Price Platner’s Maine Senate Exit as All but Certain by Late July

Billionaire Crypto Investor Faces $132,000 Donation Cap as UK Bill Squeezes Overseas Funding

A Thailand-based crypto billionaire’s attempt to influence Nigel Farage and Reform UK is set to be blocked by an upcoming UK legislative crackdown on political donations, despite his efforts to…

Continue ReadingBillionaire Crypto Investor Faces $132,000 Donation Cap as UK Bill Squeezes Overseas Funding

New York, Maryland and Utah to hold primaries with crypto PAC money hanging over voters

Crypto-backed PACs disclosed spending more than $8 million on media to support candidates in three US states, as some Maryland Democrats have called on one candidate to reject “outside spending…

Continue ReadingNew York, Maryland and Utah to hold primaries with crypto PAC money hanging over voters

Republican lawmaker proposes prediction markets insider trading ban, not including White House officials

The bill did not specifically bar members of the US Congress from using the platforms or making sports bets, but prohibited policy wagers.

Continue ReadingRepublican lawmaker proposes prediction markets insider trading ban, not including White House officials

Crypto-backed GOP candidate wins Alabama Senate runoff with June primaries looming

Several more US states are scheduled to hold primaries next week after one Republican candidate won in Alabama on Tuesday after a crypto company-backed PAC used what it called its…

Continue ReadingCrypto-backed GOP candidate wins Alabama Senate runoff with June primaries looming

Crypto PAC has $12M stake in Senate primary runoff as Alabama voters head to polls

Defend American Jobs reported spending $7.4 million on media to support Republican Barry Moore ahead of his May 20 Alabama primary, and an additional $4.7 million before Tuesday’s runoffs.

Continue ReadingCrypto PAC has $12M stake in Senate primary runoff as Alabama voters head to polls