News

Foresight News reports, according to CNBC, that on May 22, US House Oversight and Government Reform Committee Chairman James Comer announced that the committee had sent letters to Polymarket CEO Shayne Coplan and Kalshi CEO Tarek Mansour regarding insider trading issues. The letters request that both companies submit relevant documents explaining their measures for identity verification, enforcement of geographic restrictions, and monitoring of abnormal trading activities. The deadline for submission is June 5.In his letter to Polymarket, Comer pointed out that the crypto infrastructure of prediction markets and user anonymity may provide structural loopholes exploitable by insiders with national security clearance. Several suspected insider trading incidents have previously come to light: a US soldier was arrested for allegedly using inside information to bet on the ousting of Venezuela’s Maduro on Polymarket, profiting about $400,000; a New York Times investigation also showed that more than 80 Polymarket users established related positions hours before the US and Israel carried out strikes on Iran. On Kalshi, several congressional candidates were banned from the platform in April for betting on their own election outcomes.

BlockBeats News, May 22, US President Trump tweeted that the stock market has hit another all-time high.

BlockBeats reported that on May 22, Strategy founder Michael Saylor stated in an interview with CNBC that Bitcoin had previously fallen from a high of around $125,000 to a low near $60,000, and is now entering a “spring” warming phase. He noted there is solid support at the current level and expects the market to rebound from here. He also pointed out that as the digital credit market forms, the additional Bitcoin supply produced by miners is being completely absorbed by the market. He remarked, “Our company might buy all the Bitcoin miners produce from now until 2140.” In addition, Saylor mentioned that the advancement of the US CLARITY Act and the SEC’s “innovation exemption” policy for tokenized securities could both serve as significant positives for the digital asset market.