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Traders on prediction market platform Kalshi project that bitcoin will end 2026 near $75,000, suggesting the digital asset's recent surge above $77,000 may lose steam before the year concludes.
The U.S. Senate has scheduled a procedural vote for September 15 on the Clarity Act, landmark legislation designed to create a federal regulatory framework for digital assets and grant the CFTC oversight of crypto spot markets.
United Kingdom-based betting exchange Smarkets is pursuing a two-pronged approach to enter the U.S. market, applying for federal CFTC approval while securing state-level sportsbook licenses.
The Commodity Futures Trading Commission has launched an internal review into phrase-based 'mention markets' hosted on prediction platforms, adding to growing regulatory and legal headwinds facing the event trading sector.
A Washington state court has issued a preliminary injunction ordering prediction market platform Kalshi to stop offering wagers on sports, politics, and culture to state residents, rejecting claims that federal derivatives law preempts local gambling regulation.
