House Proposes Bill to Bar Officials from Prediction Markets Amid Insider Trading Concerns
- Legislative Proposal: House Democrats introduced the Public Integrity in Financial Prediction Markets Act of 2026 on Friday, aiming to bar federal officials from participating in prediction markets, reflecting a commitment to government transparency amid insider trading concerns.
- Clear Target: The bill specifically targets officials who could exploit nonpublic information, prohibiting them from trading in markets related to government policy or political outcomes, which aims to uphold public trust and prevent conflicts of interest.
- High-Stakes Bets Under Scrutiny: The proposal follows scrutiny of a $400,000 wager on Polymarket linked to Venezuelan President Maduro's removal, with critics arguing such trades may benefit from privileged insights into U.S. operations, highlighting the risks of insider trading.
- Industry Response: Kalshi's CEO supports the bill, noting that his platform already enforces insider trading prohibitions, while decentralized markets without strict rules raise fairness concerns, reflecting heightened scrutiny of the intersection between new financial technologies and government power.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 15.93 | 41.715 | 67.28 | 93.065 | 118.63 | 144.415 | 169.98 |
| Fibonacci | 41.715 | 61.331 | 73.449 | 93.065 | 112.681 | 124.799 | 144.415 |
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