The financial regulator signed a similar agreement with Major League Baseball in March and continues to file lawsuits against state-level authorities going after prediction market platforms over sports betting.
The surge in prediction market activity highlights the growing mainstream acceptance of decentralized platforms for event-driven trading.
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The post CFTC Chair Urges Senate to Pass CLARITY Act Before August 7 Recess appeared on BitcoinEthereumNews.com.
CLARITY-ACT News The CLARITY Act, the U.S. crypto market-structure bill, is back in focus after Commodity Futures Trading Commission Chairman Michael Selig said passage remains within reach despite Congress missing its July 4 target. In televised remarks, Selig said the legislation is “so close” and pressed lawmakers to finish the job before the August 7 recess, warning that the window for action is narrowing. A Trump appointee confirmed in December, Selig framed the bill as a matter of national competitiveness, arguing that a federal standard would replace a fragmented patchwork of state rules that he says has weighed on U.S. business and left the digital-asset industry without clear guardrails. At its core, the bill would split federal oversight of digital assets between the CFTC and the Securities and Exchange Commission, a division the industry has lobbied for over sever
The post ESMA Says EU Retail Ban Covers Many Prediction Markets, With MiCA Awaiting the Tokenized Ones appeared on BitcoinEthereumNews.com.
Key Takeaways ESMA said event contracts that qualify as financial instruments are already barred from EU retail sale under binary-options rules. The prohibition rests on national measures in force since 2018, so no new legislation is required to apply it. Two regulatory tracks, both already in force In a public statement issued on July 3, the European Securities and Markets Authority (ESMA) set out how existing EU law applies to event contracts, the yes-or-no instruments underpinning prediction markets. Its central conclusion is that many of these contracts are not a novel product category requiring new rules, but already fall within measures on the books – a point that goes further than framing the issue as future regulatory risk. ESMA’s reasoning is that event contracts whose underlying question relates to an asset listed in Section C(4) to (10)
Norway's World Cup success highlights the growing influence of sports events on crypto markets, driving volatility and speculative trading.
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Europe’s top securities regulator has clarified that many prediction-market event contracts already fall under the EU’s existing retail ban on binary options – meaning the restriction is live law, not a proposed rule – while contracts issued as blockchain tokens may instead be caught by the bloc’s crypto framework. The statement leaves platforms such as […]
The Clarity Act's potential approval could harmonize U.S. crypto regulation, influencing global market dynamics amid EU shifts.
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Kalshi's legal setback in New York highlights the complex interplay between state and federal regulations, impacting prediction markets' operations.
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The post Google Puts a New Prediction Markets Ban on Chrome appeared on BitcoinEthereumNews.com.
Google has banned prediction market extensions from the Chrome Web Store under updated Developer Program Policies. Extensions that facilitate or enable real-money trades on predictive outcomes face enforcement starting August 1, 2026. The change adds a new distribution chokepoint for Polymarket and Kalshi just as sector volumes hit records. Why Google is Blocking Prediction Market Extensions Google announced the changes on July 1 through the Chrome for Developers blog. The company expanded its Regulated Goods and Services policy to name predictive markets as prohibited products. Non-compliant extensions risk removal after the deadline. The update reaches beyond event trading. Extensions may now collect only data strictly necessary to a disclosed single purpose. Developers must also prominently disclose every data practice and flag later changes. A separate rule bans tools built to circumven