‘Not behind closed doors’: Senate Banking Democrats call for prediction markets hearing as GOP meets privately with Kalshi

Crypto Insight Summary: Every Democrat on the Senate Banking Committee is urging its chair, Sen. Tim Scott, to hold a congressional hearing on prediction markets. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Potential regulation of prediction markets could affect crypto derivatives but is unlikely to have immediate market impact.