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Iran Deal Disputed, Prediction Markets Probe & AI Order Delayed
Audio is available on Spreaker — see link below.
The US-Iran agreement is in dispute as Trump claims a deal is near while Tehran pushes back, Congress launches a formal prediction markets investigation, and the White House shelves its AI review order. Six stories, no spin.
Audio is available on Spreaker — see link below.
House Oversight formally launched an investigation into prediction markets Friday, sending document requests to Kalshi and Polymarket over suspicious trades tied to Venezuela and Iran war bets. That's not a preliminary inquiry anymore.
Comer also signaled Friday that he supports legislation to bar members of Congress, government employees, and administration officials from trading on prediction markets altogether. The Senate already moved on this in April, adopting a rule restricting members and staff.
Across town, the Iran situation shifted sharply over the weekend. Trump posted Saturday that a broader US-Iran agreement has been largely negotiated, with the Strait of Hormuz set to reopen.
Iran disputes Trump's characterization. Fars News pushed back Saturday, stating the Strait of Hormuz will remain under Iranian control, with no guarantee of free passage as it existed before the conflict.
Republican senators Wicker and Graham expressed caution Saturday, citing concerns about how a deal could be perceived as weakness and about regional balance-of-power implications. That signals a Republican divide on Trump's approach that's worth tracking as any agreement moves toward Senate review.
The third major development this cycle is quieter but telling. Trump delayed signing an executive order Thursday on voluntary AI model review, saying it gets in the way and that the US is already leading on AI.
The next few days come down to three things. Whether the Iran memorandum gets finalized before that narrow window closes.
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