The CLARITY Act's approval odds on Polymarket have fallen to 39% after Senate Democrats criticized the latest version of the crypto market structure bill. The prediction market platform reported the drop this week, signaling waning confidence in the legislation's passage.
Polymarket odds slide
Polymarket's contract tracking the CLARITY Act's approval probability now sits at 39%, down from higher levels earlier this month. The platform noted the decline followed public criticism from Senate Democrats. The odds reflect traders' bets on whether the bill will become law by the end of 2026.
Senate Democrats' concerns
Senate Democrats took issue with the latest version of the CLARITY Act, though specific objections were not detailed in the prediction market's report. The criticism appears to have spooked traders, who quickly adjusted their positions. The bill aims to establish a federal framework for crypto market structure, but partisan disagreements have dogged it for months.
The CLARITY Act still has a path forward, but the odds drop suggests an uphill battle. Lawmakers are expected to continue negotiations, though no new markup sessions have been announced. Whether the bill can regain support from skeptical Democrats remains an open question.
