Prediction Market Platform Kairos Completes $2.5 Million Seed Funding Round, Led by a16z

U.S. Congress members ban staff from trading on Polymarket and Kalshi; the PREDICT bill proposes simultaneous restrictions on government officials.

U.S. Democratic Congressman Seth Moulton of Massachusetts announced a ban on all office staff participating in prediction market trading starting March 25, to prevent the exploitation of non-public information for arbitrage. He criticized prediction markets as a playground for corrupt insiders and called for the passage of the PREDICT Act to strengthen restrictions on Congress and senior officials. Recent legislative efforts have intensified, and market platforms are also enhancing insider trading monitoring.

The U.S. President may be banned from betting on prediction markets, as the PREDICT Act has been officially introduced.

U.S. House Representatives introduce the "Preventing Real-time Exploitation and Deceptive Insider Trading Act" (PREDICT Act), aiming to ban the President, Vice President, and Congress members from betting on political events in prediction markets to prevent insider trading issues. The bill imposes fines on violators and requires the forfeiture of profits. Additionally, a legislative wave is accelerating, including actions in multiple states and other prohibition bills, reflecting public concerns about prediction markets.

The U.S. plans to ban officials from participating in prediction market trading, as insider trading risks prompt regulatory upgrades.

U.S. lawmakers have introduced the PREDICT Act, which prohibits the President and senior officials from participating in prediction market trading, aiming to combat insider trading for profit. Violators will face fines and forfeiture of profits. At the same time, regulatory agencies are tightening their scrutiny of prediction markets, and several states have filed lawsuits against related platforms, resulting in stricter compliance requirements for the industry.

Hey Anon Announces Launch of “Pandora” Prediction Market on Ethereum

Hey Anon launches Pandora, a decentralized AI-driven prediction market on Ethereum, empowering users to create transparent markets without central control. The platform features unique AI consensus mechanisms and aims to innovate the prediction market landscape.

Polymarket Insiders Place Big Bets on U.S.-Iran Ceasefire Deal

A group of popular wallets on Polymarket, suspected of insider activity, is betting on a US-Iran ceasefire by March 31. This coincides with Trump's claims of effective talks with Iran, which Tehran rejects. On-chain data indicates these wallets previously profited from significant bets around US-Iran tensions.

Polymarket "Clarity Act Signs into Law by 2026" probability report 54%, down 11% in 24 hours

On March 26, due to disagreements within the industry over a compromise proposal on the Clarity Act stablecoin yield provision, Polymarket's probability of it becoming law dropped to 54%. A certain CEX expressed dissatisfaction with the compromise text, industry opinions remain divided, and the stock prices of stablecoin issuers have fallen as a result. White House advisors indicated they will address this matter, with the final text expected to be released by the end of this week.