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White House excludes prediction-market operators from crypto industry meeting

Regulation

The White House did not invite prediction-market operators to President Donald Trump’s 19 August meeting with cryptocurrency and technology leaders, a White House official confirmed. A source involved in organising the event said the administration focused it on the crypto sector. Prediction markets are due to be discussed at the CFTC Innovation Advisory Committee’s first meeting on 20 August in Washington.

The exclusion leaves the CFTC committee meeting as the stated forum for discussion of prediction markets.

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Tribal coalition seeks prediction market curbs in US Senate crypto bill

A coalition comprising more than 100 tribal leaders seeks US Senate backing for prediction market provisions in the Clarity Act, citing Bloomberg Government. The leaders aim to obtain amendments before Tuesday’s procedural vote. The proposed legislation would widen the CFTC’s remit over digital assets and event contracts.

A coalition of more than 100 tribal leaders is seeking to add prediction market provisions to the Senate's pending Clarity Act ahead of a procedural vote on the bill on Tuesday, according to Bloomberg Government. The leaders are expected to begin meeting lawmakers on Capitol Hill on Tuesday, the report said.

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