Democratic lawmakers are trying to put a stop to potential manipulation of prediction markets by government officials who bet on events they know are happening, such as U.S. military actions, according to a new bill being introduced Tuesday.The Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act would outlaw corrupt wagers from those who already know the outcome of matters including government action, terrorism, war, assassination and other events the bettor has inside knowledge of. It’s backed by Senator Chris Murphy, a Connecticut Democrat on the Senate Foreign Relations Committee who has been a prominent critic of…

In brief Tim Scott said a compromise on stablecoin yield—key to the stalled crypto market structure bill—could emerge by the end of the week. The dispute centers on whether firms like Coinbase can offer yield on stablecoins, a major sticking point between crypto companies and banks. Lawmakers warn time is running out to pass the bill before the 2026 midterms, with several other unresolved issues still in play. Senator Tim Scott (R-SC), chair of the powerful Senate Banking Committee, said Tuesday he expects to have a potential compromise on the thorny issue of stablecoin yield, which has long delayed crypto’s…

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