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Interactive Brokers ($IBKR) is expanding prediction markets across @Kalshi, CME Group & ForecastEx, allowing traders to compare cross-exchange pricing, liquidity & fees. The expansion covers elections, economics & climate markets, not sports. Story👇 defirate.com/news/interacti…

🚨JUST IN: The Clarity Act ADVANCES out of the Senate Banking Committee in a 15-9 bipartisan vote, with two Democrats voting in favor: @SenRubenGallego and @Sen_Alsobrooks. Next stop: the full Senate.

NEW: Minnesota lawmakers approved an aggressive prediction market restrictions package, sending the bill to Gov. Tim Walz. The measure would criminalize operating or promoting some event contracts, setting up a likely court fight with the CFTC. Story👇 defirate.com/news/minnesota…

Today, the Senate Banking Committee will vote to advance the CLARITY Act. I am proud of the countless hours that my team, Treasury, SEC, CFTC, and Senate Banking staff and members have put into shaping this product. On every issue, we put forward real solutions to address stakeholder concerns or Democrat demands. It often required us to get creative; sometimes, it required us to get uncomfortable. But we did it in the spirit of bipartisanship. Make no mistake: Whether today’s vote is partisan or bipartisan will depend entirely on politics, not policy. The CLARITY Act is not only good policy, it is necessary policy for the United States to maintain our leadership position in global financial markets. Not to mention the robust consumer protections and anti-illicit finance provisions it contains, without which, there are none. This morning’s vote will reveal whether Democrats have genuinely moved on from their war on crypto, or whether they remain cowed by Elizabeth Warren. The choice is theirs.

Prediction markets aren't convinced by the AOC-backed momentum behind Chris Rabb in Philadelphia’s PA-03 Democratic House primary. Despite progressive buzz, polling numbers and national narratives, odds still favor Sharif Street by roughly 60%. Story👇 defirate.com/news/markets-n…

House Democrats are asking Oversight Chair James Comer to subpoena prediction market platform records over suspicious Iran war-related trades. The push comes as DOJ & regulators probe billions in suspiciously timed oil trades tied to Iran developments: defirate.com/news/house-dem…

Odds flipped against Rep. Thomas Massie in Kentucky’s GOP House primary overnight after new scandal allegations surfaced this week. Massie fell from a ~68% favorite Tuesday to a ~42% underdog Wednesday as Gallrein climbed from 33% to over 50%. Story👇 defirate.com/news/kentucky-…

NEW: New York Sen. Joseph Addabbo (@SenJoeAddabbo) plans to introduce a prediction markets bill in committee next week. Addabbo says regulating, not banning, would be a “win-win” for NY & exchanges: “The harder thing to do is regulate.” Story👇 defirate.com/news/addabbo-a…

Moomoo is preparing to launch prediction markets for U.S. users, joining the retail brokerage rush, but hasn’t said which exchange will supply the contracts. Meanwhile, major firms like Charles Schwab & Fidelity still remain on the sidelines. Story👇 defirate.com/news/moomoo-jo…

A Wisconsin federal court granted the Ho-Chunk Nation leave to pursue tribal gaming claims vs. Kalshi. IGRA arguments will be tested as courts weigh the intersection of tribal gaming law, federal commodities regulation & state sports betting regimes. defirate.com/news/federal-c…

Veteran gaming lawyer Stephen Piepgrass says prediction markets are “in the tail end of the Wild West stage” & called the CFTC "a very nimble commission." He also says there's a "perfect storm of factors" brewing for a Supreme Court showdown. Story👇 defirate.com/news/predictio…

Dan Osborn, Nebraska welder & Independent who nearly won in 2024, is polling even w/ Sen. Pete Ricketts. But @Kalshi & @Polymarket heavily favor Republicans. If Dems consolidate behind @osbornforne after Tuesday’s primary, the race could get weird fast👇 defirate.com/news/predictio…

Here's the full note on Truth Predict plans from Trump Media's SEC form 10-Q filing:

New weekly record for @Kalshi: $4.13B notional volume (up 8.5% WoW), while @Polymarket fell 6.2% to $1.60B. Category share: Kalshi | Polymarket -Sports: 82% | 18% -Crypto: 55% | 45% -Politics: 7% | 93% -Culture: 26% | 74% -Economics: 24% | 76% Report: defirate.com/news/kalshi-se…

Full breakdown and numberes here: defirate.com/news/kalshis-5…

Final hour of trades from UFC 328 on Kalshi. Total $51.8 million.

Prediction markets now price Roy Cooper as a heavy favorite to turn the North Carolina Senate seat blue after Thom Tillis’ retirement. Cooper's odds are ~84% on @Kalshi & @Polymarket. Polls are also backing Cooper, though by a smaller margin.👇 defirate.com/news/roy-coope…

🚨NEW: @BankingGOP Committee markup of the Clarity Act set for Thursday, May 14 at 10:30 AM EST.

Prediction markets are starting to treat Iowa like a real battleground again as Iowa Auditor Rob Sand gains momentum. Odds are leaning Democrat in the open governor race, a major shift in a state Trump carried by double digits in 2024. Story👇 defirate.com/news/rob-sand-…