Tribal coalition seeks prediction market curbs in US Senate crypto bill
By The Weekly Edge desk ·
Summary
A coalition comprising more than 100 tribal leaders seeks US Senate backing for prediction market provisions in the Clarity Act, reported by Online Poker Report, citing Bloomberg Government. The leaders aim to obtain amendments before Tuesday’s procedural vote. The proposed legislation would widen the CFTC’s remit over digital assets and event contracts.
Why it matters
The lobbying effort seeks restrictions on prediction markets within legislation that would expand the CFTC’s regulatory authority.