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Why are Prediction markets bullish on crypto regulation as Wall Street turns bearish on the economy?

Why are Prediction markets bullish on crypto regulation as Wall Street turns bearish on the economy?

Bettors on prediction markets are betting big that a significant cryptocurrency bill will become law this year, with a Senate committee due to vote on it in just a few days.

Polymarket traders currently give the Digital Asset Market Clarity Act a 65% chance of being passed into law in 2026.

That’s risen significantly from 46% at the beginning of May.

On a competitor platform, Kalshi, the odds are even greater, at 70%, that some type of crypto market structure legislation would be passed before 2027.

Polymarket odds for the Clarity Act hit 65%, marking a sharp rise since early May.

Markup back on the calendar

Excitement is building as the Senate Banking Committee officially reviews the bill on Thursday, May 14.

The meeting will…

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