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CFTC
U.S. Commodity Futures Trading Commission oversight.
Image: crypto.newsSenators push Clarity Act changes as debate over prediction markets intensifies
According to reporting by crypto.news, U.S. senators are considering amendments to the Clarity Act or the Farm Bill to preserve state and tribal control over sports prediction markets. This legislative effort responds to expanding federal oversight claims by the CFTC, though these policy proposals remain not officially confirmed.
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crypto.newsSenators push Clarity Act changes as debate over prediction markets intensifies
According to reporting by crypto.news, U.S. senators are considering amendments to the Clarity Act or the Farm Bill to preserve state and tribal control over sports prediction markets. This legislative effort responds to expanding federal oversight claims by the CFTC, though these policy proposals remain not officially confirmed.
theblock.co via LBankTribal Gaming Regulators and Senators Make Renewed Push to Add Prediction Markets Provision to Clarity Act
According to reporting by LBank News referencing information from The Block, Indian Gaming Association Vice Chairman Tehassi Hill and supporting lawmakers are pushing for legislative amendments to the Clarity Act to restrict sports and casino gambling via prediction platforms, asserting that these activities must remain under state and tribal jurisdiction rather than CFTC oversight, though these developments are not officially confirmed by legislative leadership.
crypto.newsThe Clarity Act Stall: Why Crypto's Most Important Bill Could Fail and What Happens Next
Prediction markets indicate that the Clarity Act has a 37% probability of passing during the year 2026, as reported by crypto.news. Bernstein has warned that a potential legislative failure could trigger an asset selloff, while JPMorgan cautioned that prolonged delays might push tokenization off public blockchains entirely, though these projections remain not officially confirmed.
crypto.newsGeorge Santos Settles CFTC Kalshi Manipulation Case for Over $35,000
According to reporting by crypto.news, former U.S. Representative George Santos has agreed to return trading profits, pay a civil monetary penalty, and accept a three-year trading ban following a CFTC investigation into his prediction market activity on Kalshi. Regulators found that Santos made misleading public statements while betting on his own attendance at the State of the Union address, though the allegations remain not officially confirmed by independent judicial verdicts.
CoinDeskBernstein Reports Potential Crypto Market Downturn If Clarity Act Stalls
According to CoinDesk reporting, broker Bernstein stated in a note that failure to pass the Clarity Act this year would likely send crypto lower, though U.S. regulators are expected to accelerate rulemaking. This assessment, which involves potential impacts on Coinbase and Circle, is not officially confirmed.
crypto.newsThe Senate Has One Week: CLARITY's Last August Window
According to reporting by crypto.news on August 3, 2026, the CLARITY Act faces a critical legislative bottleneck in the United States Senate ahead of the scheduled August recess, with passage odds dropping significantly on prediction markets. The status of the market structure bill remains unconfirmed regarding procedural floor action, and these developments are not officially confirmed.