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US Prediction Markets Face Regulatory Scrutiny; Binance Warns on Flagged Funds

Historical roundup based on PANews reporting published November 9, 2026, at 17:30 UTC+8. The developments and figures below reflect that reporting date.

US prediction markets face calls for tighter oversight

Prediction-market platforms including Kalshi and Polymarket could face stricter oversight following Democratic victories in the US midterm elections, according to Politico, as cited by PANews.

Politico described regulators under President Donald Trump as having taken a relatively permissive approach, allowing prediction markets to expand across politics, sports and equities. Democratic lawmakers, including Oregon Senator Jeff Merkley, criticized markets that allow bets on sensitive events such as elections, wars and assassinations, and called for stronger legislative restrictions.

The report described the prospect of tighter regulation and lawmakers’ demands—not an enacted restriction or a final regulatory decision.

Trump addresses World Liberty Financial conflict questions

In a post-midterm interview with CBS’s 60 Minutes, Trump was questioned about his family’s cryptocurrency company, World Liberty Financial. The interviewer pointed to his co-ownership, his sons’ management roles and the involvement of some investors linked to the United Arab Emirates government.

Trump confirmed that he was a co-owner but said he knew “nothing” about the company’s operations and that his sons managed it. He said he spent little time monitoring his net worth and argued that presidents had faced similar conflicts involving other assets, such as oil.

These were Trump’s responses to conflict-of-interest questions, not findings that those concerns had been resolved.

Fairshake’s election spending reached about $154.5 million

Crypto-focused super PAC Fairshake and its affiliates, Protect Progress and Defend American Jobs, spent approximately $154.5 million across 93 races in the midterm elections, according to Crypto in America, as cited by PANews.

Their supported candidates won 86 races and lost seven, a success rate of about 92%. That included 53 primary wins and four losses, followed by 33 general-election wins and three losses. Reported winners included Pete Ricketts and Andy Barr.

Large expenditures did not guarantee victories. The groups spent about $56.6 million in Ohio supporting Republican Jon Husted against crypto critic Sherrod Brown, but Brown won. House digital-assets subcommittee chair Bryan Steil and vice chair Bill Huizenga also lost their races.

Binance warns that it cannot reverse law-enforcement freezes

Binance co-founder He Yi warned users against transferring suspicious funds to the exchange, including discounted stablecoins offered by acquaintances, unexplained transfers through relatives or friends, and certain funds described as business proceeds from Myanmar or collections in Cambodia.

According to her statement, Binance applies global compliance standards, and relevant addresses may already be flagged before funds arrive. Transfers can subsequently be frozen by law-enforcement authorities. She said such cases are often complex and lengthy, and Binance does not have the authority to unfreeze the funds.

The warning concerned potentially suspicious transfers; it did not announce a blanket prohibition on funds from either country.

Bitcoin spot ETFs recorded $1.282 billion in weekly outflows

Separately, SoSoValue data cited by PANews showed net outflows of $1.282 billion from bitcoin spot ETFs during November 2–6, 2026, measured in US Eastern time.

BlackRock’s IBIT accounted for the largest weekly net outflow, at $1.209 billion. Grayscale’s GBTC recorded approximately $61.01 million in net outflows, while Fidelity’s FBTC led inflows with approximately $93.12 million.

At the source’s publication time, bitcoin spot ETFs held aggregate net assets of $95.9 billion, with cumulative historical net inflows of $55.7 billion.

Original article: PANews, November 9, 2026

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