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📰 [Karsishei fines meme coin candidates such as Mark Morlan and others for betting on their own elections]
Morlan, running for U.S. Senator in Virginia, described his own betting as “free advertising.”
These politicians really treat the crypto market like their own backyard—using elections to hype up a meme coin. At least the madness of $PEPE $DOGE is market behavior; these people, however, bet on their political careers directly and call it “free advertising.” Every day, veteran crypto “old leeks” get cut, while they go and take insider trading all the way into elections. Good that regulators punished it—if this bad trend isn’t curbed, will it even be possible to open prediction markets for whether the Federal Reserve will raise rates in the future? 👇👇👇👇👇