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World Cup to boost prediction markets; Bernstein sees $10 billion in volume

The 2026 FIFA World Cup could generate about $3 billion in additional trading volume in prediction markets, according to an outlook cited by Coinpost. Investment bank Bernstein estimates the expanded tournament could lift total sector betting by up to $10 billion. It said Kalshi leads platforms by volume, while DraftKings may be the biggest beneficiary. It also pointed to crypto-linked operators and projected strong long-term growth for prediction markets.

Crypto

Y Combinator urges swift Senate passage of CLARITY bill

U.S. startup accelerator Y Combinator has publicly urged the Senate to pass the CLARITY bill, a digital asset market structure proposal. It said all YC companies would eventually use cryptocurrency technology, including stablecoins, and stressed the need for a regulatory framework. The company described blockchain as an “Internet of Assets” and cited use cases such as cross-border payroll and faster marketplace payouts. The bill would clarify oversight by asset type and includes customer protections.

Crypto

U.S. community banks launch campaign against Clarity bill over stablecoin rewards

The U.S. community banking industry has launched a public campaign against the Clarity bill, a crypto market-structure measure under discussion in the Senate. The Independent Community Bankers of America said allowing yields or rewards on stablecoin holdings could trigger $1.3 trillion in deposit outflows and cut loans by $850 billion. The Senate Banking Committee advanced the bill on May 15. Crypto industry groups rejected ICBA’s claims, while passage remains uncertain.