France has ordered internet providers to block Polymarket, calling it illegal gambling, while the prediction market says it will fight back in court. The clash highlights the bigger fight over whether these platforms are information markets, financial products, or just betting with a crypto makeover.
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Senate negotiators are reportedly closing in on a bipartisan CLARITY Act vote after stronger customer protections and an ethics deal eased major sticking points. The final text is still unpublished, but the bill is edging closer to a real U.S. crypto market framework.
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Polymarket has referred nearly 100 suspicious wallets to law enforcement as regulators turn up the heat on prediction markets. With blockchain trails, geopolitical wagers, and fresh insider-trading concerns, the platform is trying to clean house before authorities do it for them.
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A House hearing is set to test whether sports prediction markets are legitimate financial contracts or just gambling with fancier paperwork, as Kalshi faces growing state-level pushback. The fight could redraw the line between CFTC oversight and state gaming law.
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The CFTC may be handed broad spot crypto oversight under the CLARITY Act just as it’s running on a skeleton crew. Congress wants clarity; the agency has four empty commissioner seats, a staffing crunch, and a workload that could make enforcement a real mess.
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The CLARITY Act is running out of Senate runway, and if lawmakers miss July’s floor windows, crypto’s long-promised market-structure rules could slip into the legislative abyss. Between SEC-CFTC turf wars, ethics fights, law-enforcement pushback, and bank objections, this one is far from a clean win.
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The CLARITY Act is running into Senate reality checks as a July 17 hearing spotlights the fight over crypto oversight, SEC vs. CFTC turf, and whether the U.S. will finally get clear rules or keep governing by lawsuit and delay.
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Kraken has launched CFTC-regulated crypto perpetuals for U.S. traders via Kraken Pro, bringing a key offshore-style derivatives product onshore with BTC, ETH, SOL and more. The big question now: will traders actually use it, or just keep chasing cheaper leverage elsewhere?
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CLARITY Act Faces a Brutal Senate Math Problem as Trump Presses for a Vote looks at a crypto market-structure bill that could finally sharpen U.S. rules for digital assets — but 60 Senate votes, ethics baggage around Trump’s crypto ties, and a tight deadline could kill its momentum.
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CFTC Chairman Michael Selig is urging the Senate to pass the Clarity Act before regulators keep filling crypto’s legal vacuum themselves. The bill could finally set federal standards and clarify CFTC vs. SEC jurisdiction — but delay means more uncertainty, more bureaucracy, and more headaches for legit builders.
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