Traders bet $2M against CLARITY Act ahead of Senate vote on September 15

Someone really doesn’t think Congress can get its act together on crypto regulation. Two anonymous traders have placed a combined $1.5 million in bets against the CLARITY Act becoming law, with prediction market odds for the bill’s passage dropping into the mid-teens just days before a make-or-break Senate cloture vote scheduled for September 15 at 2:15 p.m. ET. The wagers landed on Polymarket, the crypto-native prediction platform that has become a go-to barometer for political sentiment. One account dropped roughly $818,000 on the “No” outcome, while a second put up approximately $677,000. Both bets target the same contract: whether the CLARITY Act becomes law by December 31, 2026. The full picture is even more bearish Those two whales aren’t alone. Across six identified wallets, total bets against the legislation have exceeded $3.6 million. The timing is pointed. These bets materialized just ahead of the cloture vote, which requires 60 senators to agree to advance the bill to a final floor vote. The accounts placing these bets were reportedly newly created, which adds a layer of intrigue. What the CLARITY Act actually does The CLARITY Act, formally designated H.R. 3633, attempts...