CLARITY Act Could Reshape Prediction Markets | Bitcoin and Crypto News

A new bill, the CLARITY Act, could give the CFTC unprecedented power over booming prediction markets, sparking a fierce legal tug-of-war between federal regulators and states. With the CFTC chair declaring these markets “swaps” under federal jurisdiction — a move some call an “assault” on state authority — lawsuits are already brewing and Supreme Court showdowns loom. Lawmakers race to pass the bill before August’s congressional break, while the White House pushes for ethics safeguards and the gambling industry demands bans on sports and casino-linked wagers. Amid rapid innovation, this fight is all about balancing oversight with growth. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b406d48399ea311f