GOP Congressman Says CLARITY Act Passes Next Week: What Do Prediction Markets Say?

Prediction Markets Explode as Billions Pour into a New Trading Frontier

Prediction markets are rapidly transitioning into mainstream finance with institutional participation accelerating growth. Kalshi and Polymarket achieved $50.6 billion in combined trading volume in July 2026, while Cantor Fitzgerald's entry into institutional trading removes barriers for hedge funds and professional investors. Prospect Prediction Markets secured CFTC registration as an introducing broker, enabling U.S. market access. Analysts project prediction markets could reach $1 trillion in annual trading volume by decade-end, establishing event contracts as a new asset class alongside stocks, options, and futures.

Wall Street Is Now Backing the Clarity Act. Here's the Most Likely Scenario for What Happens Next With Crypto.

Goldman Sachs has joined Wall Street in backing the Digital Asset Market Clarity Act, but prediction markets suggest final passage is unlikely until mid-2027 at the earliest due to Democratic concerns about ethics provisions. The crypto industry may need to rely on regulatory support from the SEC, CFTC, and OCC if the legislation stalls. Companies with strong Wall Street relationships like Coinbase and Circle are positioned to grow regardless of the Clarity Act's passage.

Crypto-Rich but House-Hunting? Coinbase and Better Unveil Token-Backed Mortgage

Coinbase and Better launch a token-backed mortgage letting crypto holders buy homes without selling their assets.

Nasdaq 100 Falls as Hot PCE Inflation Stirs Rate-Hike Bets: Stock Market Today

Nasdaq 100 falls 0.6% as traders wait on Nvidia and hot July PCE revives September rate-hike bets. Energy leads, gold sinks 1.3% to $4,599.

SoFi Technologies' SoFi Plus: Can Paid Membership Drive Growth?

SoFi Technologies relaunched its premium SoFi Plus membership in Q2 2026, reaching 206,000 paid subscribers with $24 million in annualized revenue. The subscription strategy is working, with 25% of subscribers adding additional products. Management aims for 1 million subscribers within a year, implying $120 million in annual revenue. Meanwhile, competitors Robinhood and Chime are expanding their financial services offerings.

Shares of crypto-linked stocks are trading higher as Bitcoin's price rises above $80,000 as the digital token extends its rally.