US Senator Warren Plans to Step Up Oversight of Prediction Markets and Trump Family Crypto Business

According to TechFlow on November 10, citing The Block, an aide to U.S. Senator Elizabeth Warren on the Senate Banking Committee said Warren plans to strengthen oversight of prediction markets and the Trump family's crypto business after becoming committee chair in January next year.

The aide said the Trump family's crypto businesses, government officials, Wall Street executives and others should preserve records and be prepared to answer inquiries. Warren previously called for an investigation into potential conflicts of interest related to Trump's meme coin and the crypto project World Liberty Financial backed by his family.

The report noted that Warren had previously questioned Kalshi and Polymarket on how they prevent insider trading. Her aide said Warren wants to end the lack of oversight in the prediction markets sector, which has allowed insiders to profit.

Source: TechFlow