CLARITY Act Odds Collapse to 16% as Senate Deadline Looms

Expectations for US crypto regulation just took a massive hit on prediction markets. Polymarket traders have slashed the odds of the CLARITY Act passing from a high of 82% down to a dismal 16%. The sharp drop comes as lawmakers run out of time to push the bill through before the legislative session wraps up.

The US Senate returns on September 14 with only 14 working days left on its calendar. That leaves very little room to resolve key sticking points. Supporters are currently short by eight Democratic votes needed to pass the legislation. On top of that, an ongoing ethics debate involving a president who earned $1.4 billion from crypto ventures has further slowed momentum.

If the CLARITY Act dies in committee, crypto markets could face prolonged regulatory uncertainty in the United States. Traders will be watching closely when the Senate reconvenes to see if proponents can rally the missing votes or if federal market rules will remain stuck on hold.