Traders lower odds of CLARITY Act passing before August

Prediction market traders are growing more skeptical about the CLARITY Act passing before August, CryptoSlate reported. On Polymarket, the odds of the bill's passage before August fell from 62% on June 3 to 51% on June 8. Over the same period, the probability on Kalshi dropped from 39.7% to 22.1%. Meanwhile, the chances of the act passing by 2027 on Kalshi saw a slight decrease from 52.1% to 51.5%. CryptoSlate noted that while the probability of the bill passing this year remains relatively high, expectations for its swift approval have diminished.