The prediction market now implies a lower chance that U.S. crypto market structure legislation will be enacted before August, reflecting fading near-term expectations for congressional action.
Kalshi traders now put the odds of crypto market structure legislation becoming law before August at 19%. The move points to weakening market confidence that Congress will complete and pass a crypto framework on that timeline. Kalshi is a prediction market, where participants trade contracts tied to the outcome of real-world events, so the price is commonly read as an implied probability rather than a formal forecast.