The Senate Banking Committee is planning a Republican-only roundtable on prediction markets for the week of September 22, according to Punchbowl News. This comes days after the CLARITY Act (H.R. 3633) failed to advance in the Senate by the slimmest possible margin: a 49-50 vote. The bill would have established a clearer regulatory framework for prediction markets by giving the CFTC explicit authority. Platforms Kalshi and Polymarket, which were featured in a similar GOP-only roundtable hosted by the House Financial Services Committee in June, are the most directly affected. The partisan divide remains pronounced: Republicans generally support these platforms as price discovery tools, while Democrats have raised concerns about consumer protection and the risk of market manipulation.
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