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The congressional window for major crypto regulation is narrowing, and prediction markets are now pricing that difficulty.
Traders on Kalshi are assigning a low probability to the Clarity Act, the White House-backed bill to regulate the crypto sector, becoming law before year-end.
The White House has pushed Congress to pass the Clarity Act, treating it as a stated legislative priority. That executive-branch backing has not moved Kalshi's market toward confidence.
Kalshi aggregates positions put on with real capital, and by that measure the bill's current path through Congress looks blocked.
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