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Stock impact report

Prediction markets, crypto get bipartisan scrutiny at congressional hearing [Yahoo! Finance]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Yahoo! Finance
Republican lawmakers on Thursday asked Michael Selig , the head of the Commodity Futures Trading Commission, for assistance crafting legislation to onshore certain crypto platforms and to combat insider trading on prediction markets. Ever since President Donald Trump took office in January 2025, Democrats have used congressional hearings to attack the administration's laissez-faire regulation of novel financial products. Their Republican colleagues have rarely joined in. Thursday was different. Representative Austin Scott, a Republican from Georgia, said he was concerned by the rapid growth of Hyperliquid's oil markets. “These products are functionally identical to what is traded on Chicago Mercantile Exchange and the Intercontinental exchange, but they do not have segregated funds, market surveillance, or US oversight,” he said. “Surging volumes in oil contracts are potentially impacting the price of a gallon of gas for US drivers.” Addressing the issue would require bring Show less Read more
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