House hearing ties CLARITY Act to expanding CFTC reach over prediction markets
Testimony flagged CFTC staffing limits as state court fights intensify around Kalshi and Polymarket.
Testimony flagged CFTC staffing limits as state court fights intensify around Kalshi and Polymarket.
Regulators cited illegal gambling status, ad-related criminal exposure, and a prosecutor-led probe into missing KYC controls.
Senate talks are stuck on bipartisan ethics language as the August recess compresses floor time.
Polymarket priced a Trump pardon by July 31 at under 1% despite more than $734,000 in volume.
Lummis expects new text within days and a Senate floor slot next week as prediction markets price a vote higher than enactment.
The odds appear as implied chances of winning and are labeled informational-only, with no in-app betting.
Polymarket implied odds for CLARITY approval were cited at 45% ahead of an Aug. 7 timing marker.
Goldman, Morgan Stanley and Bank of America are moving on employee restrictions as World Cup volumes hit records.
The campaign pairs viral marketing with a CFTC-supervised sports-betting app launched in December.
Chair Tom Lee tied ETH/BTC strength to improving odds of the US CLARITY Act passing this year.
The review shifts scrutiny from local users to the platform’s operating model after a June 5 police probe tied to election markets.
The on-chain report says U.S.-linked flow skewed toward geopolitics markets that regulated U.S. venues typically don’t list.
Polymarket International rose to roughly $4.3B as US and EU regulators sharpen their stance on event contracts.
Tokenized assets reached a $3.5B record and prediction markets gained traction, while funding fell to 3% from 11% in two days.
The bank sees near-term volatility risk in crypto-linked equities including COIN, CRCL, and BLSH as the bill’s path tightens into August recess.
A court filing described a $120,000-per-day penalty tied to geolocation compliance, with the order set to expire July 13.
The platform says the affected dependency was removed and impacted users will be fully refunded.
Interactive Brokers is live first, and Cboe expects Charles Schwab access in the coming months.
The experimental product revives Meta’s shelved Forecast concept as event contracts face CFTC scrutiny.
The Stop Lawmakers from Predicting Act sets a $2,000-or-10% civil penalty and excludes White House officials.