None
SO
Andrew Cuomo Predicts CLARITY Act Will Pass, Says New York's Kalshi Crackdown Shows Regulatory 'Chaos'
['Daragh Thomas', 'Mon', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
Andrew Cuomo predicted Congress will pass the CLARITY Act once lawmakers settle a fight over crypto ethics rules, even as Polymarket traders now give the bill just a 17% chance of becoming law this year.
"I think they will resolve this ethics issue and they'll pass the bill," Cuomo said.
"Tell me the rules," Cuomo said.
"In a void, you create chaos," he said, adding that federal regulators will likely predominate because "you can't have 50 separate states with separate rules."
CLARITY does not directly cover prediction markets, but Cuomo used the Kalshi fight to argue for national rules.