US Senate Bans Congress Members from Participating in Prediction Markets
- Rule Change: The US Senate unanimously passed a resolution that immediately prohibits Congress members and their staff from participating in prediction markets, aiming to uphold public trust and prevent the monetization of insider information.
- Moral Dimension: Senate Democratic leader Chuck Schumer emphasized that this move is essential to prevent Congress from becoming a 'casino,' ensuring that lawmakers do not gamble on sensitive issues, thereby protecting public interests.
- Industry Response: Prediction market platforms Polymarket and Kalshi expressed support for the resolution, noting that their terms of service already prohibit such conduct, and codifying this into law will further enhance industry compliance and transparency.
- Future Outlook: This resolution may prompt the House to pursue similar measures, fostering cross-chamber consensus and strengthening oversight of prediction markets, ensuring a balance between public trust and market activities.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0000108 | -0.000000388 | 0.00000596 | 0.0000164 | 0.0000227 | 0.0000331 | 0.0000395 |
| Fibonacci | -0.000000388 | 0.00000601 | 0.00000996 | 0.0000164 | 0.0000228 | 0.0000267 | 0.0000331 |
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