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Clarity bill faces late variable as U.S. Senate seeks sports betting clause

A push has emerged in the U.S. Senate to add a state-jurisdiction provision on sports betting to the crypto market structure bill known as the Clarity bill. Senators and tribal gaming regulators debated who should oversee sports-related contracts offered by prediction markets, opposing a shift toward exclusive authority for the U.S. Commodity Futures Trading Commission. The bill’s timeline remains uncertain, with no cloture motion filed so far.