Congress Targets Crypto Prediction Markets as National Security Threats, Seeks Ban

The United States Congress is intensifying efforts to ban cryptocurrency-based prediction markets, labeling them as emerging national security risks. Lawmakers argue that these platforms, which allow users to bet on future events including elections and geopolitical outcomes, could be exploited for market manipulation, foreign interference, and intelligence gathering. The proposed legislation aims to curb the growth of such markets, citing concerns over their potential to undermine democratic processes and expose sensitive information. This move signals a significant regulatory crackdown on the crypto sector, particularly affecting platforms like Polymarket and others operating in the prediction market space.