Balance of Power

An update on a proposal that we believe will bring regulatory clarity to event contracts, key for platforms like Kalshi, Polymarket, CME Group and Robinhood, led Bloomberg Intelligence's June 1 Washington Policy Pulse discussion. The proposal likely reaffirms that event contracts are swaps and under federal jurisdiction. We also discussed a future Iran War Powers resolution and how it's unlikely to change President Donald Trump's views towards the conflct as well as the potential for new tariffs once the US Trade Representative completes what is known as Section 232 or Section 301 tariffs.

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Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
US President Donald Trump said Israel and Hezbollah agreed to stop attacking each other in Lebanon and that talks with Iran were continuing after fresh violence threatened negotiations to end the Middle East conflict.

Trump said he had spoken with Israeli Prime Minister Benjamin Netanyahu and representatives
from Hezbollah, which the US considers a terrorist group, in separate phone calls.

“There will be no Troops going to Beirut, and any Troops that are on their way, have already been turned back,” Trump said Monday in a social media post. “I had a very good call with Hezbollah, and they agreed that all shooting will stop — That Israel will not attack them, and they will not attack Israel.”
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg Washington Correspondent Tyler Kendall.
Georgia Tech Professor Adam Stulberg.
Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Bluestack Strategies Founder Maura Gillespie.
Decision Tree Research Founder and CEO Gregory Allen.
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Insight & analysis on the White House and Capitol Hill.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said that he is ready to make his 'final determination' on a deal to extend a ceasefire with Iran. The president is the final sign off on a deal reached by negotiators that would extend the fragile ceasefire by 60 days and open the floor for further talks on Iran's nuclear program. Writing on Truth Social, President Trump laid out conditions for a tentative agreement, saying that Iran "must agree that they will never have a Nuclear Weapon or Bomb. The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions."

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
On this edition, Joe and Kailey speak with:
Tyler Kendall, Bloomberg Washington Correspondent & Adam Farrar, Bloomberg Economics Senior Geoeconomics Analyst for Asia-Pacific
Jeanne Sheehan Zaino, Harvard Kennedy School Ash Center Visiting Democracy Fellow & Sarah Chamberlain, Republican Main Street Partnership President and CEO
Jane Harman, Former US Congresswoman from California, Former-Ranking Member of the House Intelligence Committee & author of “Insanity Defense: Why Our Failure to Confront Hard National Security Problems Makes Us Less Safe"
Zach Stone, Hermeus President Zach Shore
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Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
The US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran’s nuclear program, a US source familiar with the matter said, raising hopes the three-month conflict could be nearing a resolution.

The source, who spoke on condition of anonymity to discuss private negotiations, confirmed an earlier report from Axios. President Donald Trump has yet to agree to the terms. Both countries have previously hailed progress, with Trump repeatedly indicating the US was close to securing an agreement — only for the stalemate to drag on.

Treasury Secretary Scott Bessent on Thursday would only say “the teams have been going back and forth” when pressed if an interim deal has been clinched. He insisted Trump’s three “red lines” — reopening the Strait of Hormuz, Iran turning over highly enriched uranium and ending its nuclear program — remain necessary for any pact.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg Washington Correspondent Tyler Kendall.
Bluestack Strategies Founder Maura Gillespie and Rebelle Communications Founder & CEO Laura Fink.
Democratic Congressman Mark Pocan of Wisconsin.
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Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump asserted that no one nation would control the vital Strait of Hormuz waterway, highlighting a key sticking point in resolving the war with Iran.

Trump was asked during a meeting of his Cabinet officials if he was comfortable with a short-term deal that would open the strait but under Iranian control.

“Nobody’s going to control it. It’s international waters,” Trump said Wednesday at the White House. “The strait’s going to be open to everybody” and the US will “watch over it.”
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Ipsos US Public Affairs Chair Cliff Young.
Bloomberg Senior Editor Derek Wallbank.
Cohen Group Senior Adviser Jen Gavito.
Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Bloomberg Washington Correspondent Tyler Kendall.
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