With the Democrats gaining control of the Senate following the US midterm elections, Senator Elizabeth Warren is expected to assume the chair of the Senate Banking Committee in January 2027, strengthening oversight of prediction markets and the Trump family's crypto businesses. Warren's committee aide stated that her work will focus on the cost of living, artificial intelligence, prediction markets, potential financial crises, and accountability issues. Warren has previously called for investigations into Trump's Memecoin and alleged conflicts of interest between his family-backed World Liberty Financial and UAE and government officials. Regarding Kalshi and Polymarket, she is focusing on election betting and insider trading risks, demanding the platforms explain their preventative measures. The aide warned that executives of large tech companies, government officials, the Trump family's crypto businesses, and Wall Street institutions should retain relevant documents and prepare for questioning. (The Block) https://wublock123.com/news/elizabeth-warren-to-head-senate-banking-committee-targets-prediction-markets-trump-family-crypto-71626