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Members of Congress using online prediction markets? Don’t bet on it

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No one would have predicted it.

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But you could have made a lot of money if you did.

With uncharacteristic dispatch, the United States Senate unanimously voted to ban senators and staff from playing in the prediction markets.

«This is a national security risk,» said Senate Minority Leader Chuck Schumer, D-N.Y. «The very possibility that a member’s vote could be influenced by a bet is reason enough to slam the door shut.»

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SENATE QUIETLY BANS LAWMAKERS FROM BETTING ON PREDICTION MARKETS

The Senate has unanimously voted to ban its members and staff from betting in prediction markets. (iStock)

You can’t predict the future. But now in the Senate, you can’t even bet on it.

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Especially real world events.

Like if the stock market might crash. The fate of the economy. War. Terrorism.

Or who would wear what gown at the Met Gala.

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SEN DAVE MCCORMICK: PREDICTION MARKETS ARE BOOMING. WASHINGTON MUST CATCH UP

The biggest concern on Capitol Hill is potential wagering on the fate of legislation. Or the confirmation of nominees. There’s bipartisan concern that speculation in the prediction markets could tilt political outcomes.

«Engaging in any way in a prediction market or trying to place bets where we might have inside information deteriorates the confidence that our constituents have in us,» said Sen. Bernie Moreno, R-Ohio.

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Moreno pushed to change the rules for senators. Sen. Alex Padilla, D-Calif., amended Moreno’s proposal to include Senate aides.

This only applies to the Senate. For now. The House is playing catch up.

«Any place where your role in Congress has a potential for individual benefit, I think needs to be tightly controlled,» said Rep. Rob Wittman, R-Va., when asked about prospects for a similar measure in the House.

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Keep in mind that under the Constitution, the House and Senate can make their own rules.

Sen. Chuck Schumer

Senate Minority Leader Chuck Schumer, D-N.Y., has said «we must never allow Congress to turn into a casino.» (Graeme Sloan/Bloomberg via Getty Images)

The Senate’s maneuver comes just weeks after the Feds busted a U.S. special forces solider who had access to classified information – and then bet on the capture of former Venezuelan leader Nicolás Maduro.

Virginia U.S. Senate candidate Mark Moran placed a wager that he would run for office. Moran later made money on his own proposition after he jumped into the race.

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«Our constituents have to know that our only guiding light is what’s best for our state. What’s best for the people of our states. And what’s best for the United States of America,» said Moreno.

«We must never allow Congress to turn into a casino,» said Schumer. «Just the possibility that Members could have their votes influence because of betting is a reason enough to prohibit members from meddling in the prediction markets.»

But Schumer wants prediction market prohibitions extended to the executive branch. The New York Democrat argues that the Trump Administration «shows such a troubling affinity to corruption and self-dealing.»

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SENATE PASSES MEASURE BANNING LAWMAKERS FROM PREDICTION BETS

This brings us to something else from which many Congressional Democrats want to exclude the executive branch: trading stocks.

But here’s the problem. Congress has paid lip service to imposing its own ban for lawmakers and aides to stock trades. But neither the House nor Senate ever implemented an across-the-board prohibition.

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It’s a stalled issue. And has been so for years.

«Send me a bill that bans insider trading by Members of Congress and I will sign it tomorrow,» instructed former President Obama during his State of the Union speech in January 2012.

«Let’s also ensure that Members of Congress cannot corruptly profit from using insider information,» proclaimed President Trump during his State of the Union message in February.

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Well, it’s nearly mid-2026 and Congress still isn’t all the way there.

Vance Johnson Trump at State of the Union.

President Donald Trump expressed a desire to «ensure that Members of Congress cannot corruptly profit from using insider information» at his State of the Union address. (Jabin Botsford/Getty Images)

Late Rep. Louise Slaughter, D-N.Y., and former Rep. Brian Baird, D-Wash., were the most ardent advocates of a Congressional stock trading ban – dating back to 2006. Former House Majority Leader Tom DeLay, R-Texas, made hundreds of stock trades in 1999 and 2000. That caught Baird’s attention.

«If there is a way to make a profit on that, somebody has probably already figured out a way to do it,» said Baird, «And it’s not illegal.»

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Congress finally passed the STOCK Act in 2012. It stands for «Stop Trading On Congressional Knowledge.» There was concern that lawmakers are privy to financial, economic and political intelligence. Therefore, they could buy or sell stocks on information which bordered on «insider trading.»

But the STOCK Act didn’t prohibit lawmakers from playing on Wall Street. It just required additional financial disclosures about when lawmakers and aides traded stocks.

TRUMP TAKES JAB AT PELOSI BY NAME OVER HISTORY OF CONTROVERSIAL STOCK TRADING

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President Obama’s 2012 entreaty certainly helped goad lawmakers into approving the STOCK Act a few days later. But it wasn’t a ban on «insider trading» as the former president suggested. This just entailed additional transparency.

The stalemate over stock trades baffles some lawmakers.

«I don’t know why it’s been such a challenge in the House,» said Rep. James Walkinshaw, D-Va. «I think any Member saying that they should be able to trade stocks is flat out wrong. I think it degrades trust in the institution. Even for those members who are not trading on inside information.»

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House Administration Committee Chairman Brian Steil, R-Wis., has a bill to curb stock trades by lawmakers.

«If you want a day trade, go to Wall Street. Come to Washington to lead this country,» said Steil.

Bryan Steil of Wisconsin at a rally.

«If you want a day trade, go to Wall Street,» House Administration Committee Chairman Brian Steil, R-Wis., said. (Jim Vondruska/Getty Images)

But that bill is marooned. It partly goes back to the Democrats’ push to extend any Congressional stock trading ban to the executive branch. That’s something many Republicans are reluctant to do.

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«There is zero justification and rationale for allowing a president of any party or a vice president of any party, to be able to engage in stock trading while they have the awesome power of the presidency, vice presidency and executive branch in their hands,» said House Minority Leader Hakeem Jeffries, D-N.Y.

Rep. Yassamin Ansari, D-Ariz., believes the stock trade issue is evolving. She doubts that voters will put up with market activity by her colleagues much longer.

«We know there are many colleagues who do still trade stocks. I think the American public is much more informed on this topic now. And this is very unpopular. So I do think the tide is changing and it will become untenable for any member to to be supportive of  it,» said Ansari. «I think more people have more information. So what a Member of Congress was able to get away with even five years ago just is not possible today.»

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Like many things when it comes to ethics in politics, it’s not necessarily impropriety. But the perception of impropriety. The public holds Congress in low esteem to start with. Many voters believe the «ruling class» has special access to information which enables them to game the system for their own economic benefit. That distrust may fester as long as Congress fails to police its own.

While we can’t predict the future, people can certainly shape it. Congress has a lot of tools at its disposal to contour that future. The question is if lawmakers are bending those fortunes in their direction.

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So will Congress approve a stock trading ban? The best predictor of future behavior is past behavior.

In other words, don’t bet on it.

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Trump says vandals used chemicals to damage newly renovated reflecting pool near Lincoln Memorial

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President Donald Trump on Friday said vandals damaged the recently renovated reflecting pool near the Lincoln Memorial, adding that authorities are investigating the incident.

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Trump’s comments come as the recently renovated reflecting pool faces scrutiny over peeling paint and algae growth just weeks after a $14.8 million restoration project was completed.

«Things are really looking good in our Nation’s Capital, and add to that the fact that when I became President, Crime was rampant, and now, Washington, D.C., is one of the Safest Cities anywhere in the United States,» Trump wrote on Truth Social.

«However, we’ve had some real problems with Vandalism at the beautiful Reflecting Pool, which sits between The Washington Monument and The Lincoln Memorial,» he continued.

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WHITE HOUSE BLASTS WASHINGTON POST’S CLAIM REFLECTING POOL ‘LOOKS ALMOST THE SAME’ AFTER TRUMP RENOVATIONS

National Guard members walk past a National Park Service employee using a vacuum to clean the Lincoln Memorial Reflecting Pool, Friday, June 19, 2026, in Washington. (AP Photo/Mark Schiefelbein)

«Just like three days ago, they destroyed the grass outside of the Pool, they’ve also done everything possible to hurt the inside surface that was just installed.»

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Trump accused vandals of damaging the grounds surrounding the reflecting pool and said they used chemicals to damage the pool’s newly installed surface.

«No different than the chemicals that were used on the National Mall, they used something similar in the Reflecting Pool to try to destroy and demean our beautiful work,» he said.

DIRT BIKES, ATVS DRIVEN AROUND WORLD WAR II MEMORIAL IN WASHINGTON, DC: VIDEO

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The numbers «86 47» on the National Mall between the Washington Monument and the World War II Memorial. (Al Drago/Bloomberg via Getty Images)

Trump’s comments come about a week after a large «86 47» message appeared to be etched into the grass near the National Mall between the Washington Monument and the World War II Memorial.

Administration officials previously characterized the message as threatening, arguing that «86» is sometimes used as slang for removing or getting rid of something, while «47» refers to Trump as the nation’s 47th president.

Trump announced on June 6 that the $14.8 million restoration project at the historic reflecting pool had been completed. Days later, however, algae appeared throughout the pool, masking portions of the newly restored «American flag blue» bottom.

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WATCH: TRUMP REVEALS FLASHY NEW COLOR FOR NATIONAL MALL’S REFLECTING POOL MAKEOVER

Algae growth appeared in the Reflecting Pool

Algae growth appeared in the Reflecting Pool weeks after a $14.8 million restoration project was completed. (Chip Somodevilla/Getty Images)

This week, the National Park Service and contractors deployed chemicals and ozone nanobubbles to help mitigate the algae growth.

Workers also used a swimming pool-style vacuum system to remove algae from the bottom of the pool.

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«There are no harmful side effects to marine life or to the environment,» the park service said in a statement this week.

TRUMP WORKING TO CLEAN ‘FILTHY’ LINCOLN MEMORIAL REFLECTING POOL, BLAMES BIDEN FOR MAINTENANCE DELAYS

National Park Service employees in the Lincoln Memorial Reflecting Pool

National Park Service employees and contractors use vacuums to remove green algae from the bottom of the Lincoln Memorial Reflecting Pool on June 18, 2026 in Washington, DC. (Chip Somodevilla/Getty Images)

Trump said most of the algae had been removed and that the vandalized area would be repaired by next week.

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«The algae is 75% gone, and the condition will soon be completely remedied, and the area that was vandalized, fortunately, is just a small area of damage, and will be fixed early next week,» Trump said.

He also said law enforcement is actively investigating the alleged vandalism. Images posted on social media Friday showed National Guard personnel and U.S. Park Police officers patrolling the area.

Paint peels from the bottom of the Lincoln Memorial Reflecting Pool

Paint peels from the bottom of the Lincoln Memorial Reflecting Pool. (REUTERS/Annabelle Gordon)

Videos posted on social media also appeared to show people gathered near the Reflecting Pool criticizing the renovation project and celebrating the algae growth.

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Fox News Digital has reached out to the White House for comment.

The Associated Press contributed to this report.

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washington dc, white house, investigations, vandalism

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Irán y Estados Unidos definieron una hoja de ruta para intentar cerrar un acuerdo en 60 días

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Irán y Estados Unidos definieron en Burgenstock, Suiza, una hoja de ruta para intentar alcanzar en un plazo de 60 días un acuerdo que permita poner fin al conflicto en Oriente Medio. La información fue anunciada en un comunicado conjunto por Pakistán y Catar, los países mediadores, tras la primera ronda de discusiones entre ambas partes.

Según el comunicado difundido por los mediadores, el Comité de Alto Nivel acordó “una hoja de ruta para alcanzar un pacto final en 60 días”, con el objetivo de ordenar los próximos pasos de la negociación.

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El estrecho de Ormuz, una vía clave para el transporte mundial de petróleo, quedó en el centro de la tensión entre Irán y Estados Unidos. (Foto: Amirhosein Khorgooi/ISNA vía AP).

El texto también señaló que el entendimiento alcanzado “sienta las bases para el inicio inmediato de nuevas conversaciones técnicas” orientadas a avanzar en una salida diplomática al conflicto.

El anuncio fue emitido por Pakistán y Catar al cierre de la primera ronda de conversaciones entre representantes de Irán y Estados Unidos en la localidad suiza de Burgenstock.

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Líbano, el primer punto de tensión en la negociación

Uno de los principales avances anunciados por los mediadores fue la creación de una “célula de desconflicto” para abordar la situación militar en Líbano. Según el comunicado de Pakistán y Catar, ese mecanismo incluirá al gobierno libanés y buscará “garantizar el cumplimiento de la terminación de las operaciones militares en Líbano”.

Sin embargo, todavía no está claro si esa instancia alcanzará para frenar los enfrentamientos entre Hezbollah, el grupo político-paramilitar respaldado por Irán, e Israel. El gobierno israelí sostiene que debe conservar libertad de acción para atacar a milicianos que lanzan ataques hacia el norte de su territorio, mientras Hezbollah se niega a detener sus operaciones si Israel no se compromete a retirarse.

Líbano quedó como uno de los puntos más sensibles de la negociación entre Irán y Estados Unidos por los combates entre Israel y Hezbollah. (Foto: REUTERS/Stringer).

Líbano quedó como uno de los puntos más sensibles de la negociación entre Irán y Estados Unidos por los combates entre Israel y Hezbollah. (Foto: REUTERS/Stringer).

Estados Unidos no realizó comentarios de inmediato sobre el resultado de la reunión. Irán, en cambio, destacó la mediación de Pakistán y Catar.

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El ministro de Relaciones Exteriores iraní, Abbas Araghchi, escribió en X que la “incansable mediación pakistaní y qatarí ha logrado un gran progreso para poner fin a la guerra en Líbano”. También sostuvo que la primera “prueba real” será comprobar si la célula de desconflicto logra detener los combates.

Una negociación marcada por amenazas cruzadas

El inicio de las conversaciones estuvo atravesado por un fuerte intercambio entre Washington y Teherán. El presidente estadounidense, Donald Trump, advirtió en redes sociales que Irán debía frenar “inmediatamente” a sus aliados en Líbano.

Irán debe detener inmediatamente a sus esbirros altamente pagados en Líbano de causar problemas”, escribió Trump. Y agregó: “Si no lo hacen, volveremos a golpear a Irán muy duro, como lo hicimos la semana pasada, ¡sólo que más duro!”.

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Donald Trump endureció el tono contra Irán y advirtió que podría ordenar nuevos ataques si no frenan los combates en Líbano. (Foto: Reuters)

Donald Trump endureció el tono contra Irán y advirtió que podría ordenar nuevos ataques si no frenan los combates en Líbano. (Foto: Reuters)

La respuesta llegó desde Teherán. El principal negociador iraní, Mohammad Bagher Qalibaf, contestó en X: “Mejor que sean cuidadosos con sus declaraciones”. Y advirtió: “Nuestras fuerzas armadas están preparadas para responderles de una manera diferente. Ellos pueden seguir hablando, pero somos nosotros quienes actuamos”.

Pese al cruce, las delegaciones mantuvieron una reunión de alrededor de 80 minutos, según medios estatales iraníes. Por Estados Unidos participaron el vicepresidente JD Vance, Steve Witkoff y Jared Kushner, yerno de Trump. Del lado iraní estuvieron Qalibaf y Araghchi.

Ormuz, sanciones y programa nuclear: los otros ejes del acuerdo

Las conversaciones abren una carrera diplomática de 60 días con impacto potencial en la seguridad regional y en la economía global. Uno de los puntos más delicados es el estrecho de Ormuz, una vía clave para los envíos internacionales de energía.

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Irán insistió en que había cerrado nuevamente el paso durante el fin de semana, aunque Estados Unidos afirmó que el tráfico marítimo continuó. Según un diplomático citado bajo condición de anonimato, las partes discutieron mecanismos para garantizar que el estrecho permanezca abierto y también para hacer cumplir un alto el fuego en el sur de Líbano.

Vance planteó el desafío en términos políticos más amplios: “La pregunta que tenemos ante nosotros ahora es cuánto más podemos lograr juntos. ¿Podemos dar vuelta a la página?”. También preguntó si las partes podían “cambiar las relaciones en Oriente Medio de forma permanente”.

Washington busca mantener a Teherán dentro de una negociación sobre su programa nuclear, en medio de sospechas de que podría tener fines militares. Irán lo niega y sostiene que no resignará su derecho al enriquecimiento de uranio.

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El presidente iraní, Masoud Pezeshkian, afirmó el domingo que “nunca retrocederemos del derecho a enriquecer uranio, y la otra parte también se ve obligada a aceptarlo”, según medios estatales iraníes.

Un acuerdo con impacto económico y críticas políticas

El acuerdo interino firmado por Trump y Pezeshkian permitiría a Irán vender petróleo libremente de inmediato y abriría el camino para acceder a miles de millones de dólares en activos actualmente congelados. Un integrante del equipo negociador iraní dijo a la televisión estatal que se alcanzó un borrador sobre “exenciones temporales de sanciones para el petróleo y los derivados del petróleo”.

También se prevé que Irán diluya su reserva de uranio altamente enriquecido, que se cree permanece enterrada bajo instalaciones nucleares atacadas por Estados Unidos hace un año.

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Leé también: Irán abandonó las negociaciones con Estados Unidos en Suiza después de nuevas amenazas de Donald Trump

El entendimiento generó fuertes críticas dentro del propio Partido Republicano. Sectores duros compararon el nuevo esquema con el pacto nuclear impulsado durante el gobierno de Barack Obama, al que Trump había cuestionado durante años por considerar que no frenaba realmente el programa nuclear iraní.

En paralelo, el gobierno estadounidense intenta llevar tranquilidad a los mercados. Tras el anuncio del acuerdo, los futuros del petróleo cayeron casi un 8%, en un contexto de preocupación por los precios de la energía y por el impacto que una escalada en Oriente Medio podría tener sobre el abastecimiento global.

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Talarico says the divide is ‘top vs. bottom’ — then heads to one of America’s richest donor enclaves

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Texas Democratic Senate nominee James Talarico, who has built a reputation for his anti-corporate rhetoric and criticism of tech, reportedly spent mid-April traveling around the San Francisco Bay Area soliciting donations from deep-pocketed tech executives.

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Talarico attended at least four California fundraisers organized by major Democratic fundraisers linked to the tech industry in April, according to invitations obtained by Politico and a source interviewed by the outlet. 

The Democratic Senate hopeful criticizes the tech industry on his campaign website, accusing it of profiting off «predatory algorithms» that amplify extremism and promising to protect workers against «intrusive AI surveillance.» 

The fundraisers took place in Palo Alto, the Mission District of San Francisco, Oakland and Marin County, according to Politico. Among the attendees were venture capitalists, including at least one who advises AI start-ups, wealthy Democratic donors and political staffers.

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TALARICO TOUTS TEXAS ROOTS AS OUT-OF-STATE CASH POWERS SENATE CAMPAIGN

State Rep. James Talarico, D-Texas and U.S. Senate candidate, participates in a debate at the Texas AFL-CIO COPE Convention in Georgetown, Texas, on Jan. 24, 2026. (Bob Daemmrich/The Texas Tribune/Bloomberg via Getty Images)

Talarico’s proximity to wealth creates tension with how he has presented himself on the campaign trail.

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He has stated that «the biggest divide in this country is not left vs. right. It’s top vs. bottom,» argued that the «people at the top work so hard to keep us angry and divided because our unity is a threat to their wealth and power,» characterized lawmakers that take donations from «megadonors» as «puppet politicians,» accused «billionaires are waging war on the rest of us» and expressed a strong desire to hold corporations accountable.

He has also vowed not to accept corporate PAC funding, though he has taken money from corporate executives, the individuals who typically fund and control corporate PACs. 

PROGRESSIVE TALARICO KNIFES BIDEN’S OPEN BORDER, TRIES MODERATING STANCE ON KEY ISSUES IN TEXAS SENATE RACE

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Democrat candidate James Talarico speaking at a rally in San Antonio Texas

Democrat candidate for Senate James Talarico speaks during a rally in San Antonio, Texas, on May 29, 2026. (Ronaldo Schemidt/AFP via Getty Images)

While Talarico has raised over $40 million, the second most of any Senate candidate this cycle, the vast majority of that has come from small-dollar donors. Additionally, Texas Republican Senate nominee Ken Paxton, the state’s attorney general, has a history of accepting large-dollar donations, though he hasn’t taken a stance against the wealthy in the same way as Talarico.

«The only way to get big money out of our politics is to vote out politicians like Ken Paxton who want corporations and billionaires to decide our elections, not Texans,» Talarico campaign spokesman JT Ennis told Fox News Digital. 

«James is the only candidate who’s outlined a comprehensive agenda to ban super PACs, ban corporate PACs, ban congressional stock trading and tax billionaires so we can fix this broken, corrupt political system. If anyone supports taxing billionaires more and limiting big money’s influence on our politics, they’re welcome to help defeat politicians like Ken Paxton, who rake in millions of dollars from special interests then enrich wealthy donors while working Texans struggle.» 

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Paxton campaign spokesperson Madison Cercy told Politico the fundraisers are «just another chapter in James Talarico’s saga of lying and hypocrisy as he runs a flip-flopping campaign across the state of Texas.»

ABBOTT SPOTLIGHTS NO-SHOW TALARICO, LAUNCHING TEXAS-SIZED CRIME CRACKDOWN

Texas State Rep. James Talarico speaking at a campaign rally in Round Rock, Texas

Democratic Texas State Rep. James Talarico speaks during a campaign launch rally in Round Rock, Texas, on Sept. 9, 2025. (Brandon Bell/Getty Images)

Fox News Digital previously reported that Talarico is far more reliant on out-of-state donors than Paxton, a trend common among Democrats challenging Republicans in swing states.

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Democrats have sought to flip Texas blue for decades, often spending large sums of money in ill-fated attempts to dethrone Republican gubernatorial and senatorial incumbents. Some in the party feel that 2026 could be different from their past failures in the Lone Star.

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Talarico’s open Christian faith, for one, is seen as something that could provide him with cross-party appeal. That, combined with his strong fundraising numbers, tendency to generate viral clips and an unpopular Republican in the White House, could propel Talarico to an upset victory. 

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In any case, the race for Senate in Texas is shaping up to be an expensive one. One Democratic fundraiser projected that the contest could cost north of half a billion dollars across all sides.

republicans elections, fund raising, tech, texas, democrats elections

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