~38% · $480K/day
Will a comprehensive US crypto regulatory framework (like FIT21) become law in 2026?
Highest-volume crypto policy market — bipartisan support
Macro Prediction Markets
FIT21 law at 38%, stablecoin regulation at 52%, CFTC jurisdiction at 44%, ETH commodity at 62%. Crypto regulation prediction markets on Polymarket and Kalshi price every legislative and regulatory milestone — and clarity drives crypto prices higher. Compare cross-venue regulation odds in one search.
~38% · $480K/day
Highest-volume crypto policy market — bipartisan support
~52% · $320K/day
Stablecoin bill has broader support than FIT21
~44% · $240K/day
Regulatory turf war — CFTC more crypto-friendly
~62% · $280K/day
Howey test outcome — follows ETH ETF approval logic
~28% · $160K/day
MiCA compliance costs market
The forces behind the legislative and agency markets — each reprices on a committee vote, court ruling, or agency action.
FIT21 market-structure and stablecoin bills move on committee markups and floor scheduling; the midterms reshape the odds.
Whether tokens are securities or commodities drives the ETH-commodity and jurisdiction markets — and which agency regulates.
A crypto-friendlier administration raises approval odds across ETFs, stablecoins, and enforcement-vs-rulemaking.
Each new spot ETF (ETH staking, Solana) is a de-facto regulatory signal that feeds the broader clarity narrative.
Crypto
The US stablecoin law (~52%) — the most-likely-to-pass crypto bill
Crypto
Staking approval & altcoin ETFs — regulatory clarity in action
Crypto
Regulatory clarity drove XRP — ETF at 55-65%, $5 at 38-46%
Crypto
ETH commodity classification at 62% drives price target markets
Prediction markets price a comprehensive US crypto framework like FIT21 becoming law at ~38% in 2026. FIT21 (Financial Innovation and Technology for the 21st Century Act) passed the House in 2024 but stalled in the Senate. The new Congress and a more crypto-friendly executive branch under Trump have improved the odds. However, legislative complexity and competing priorities mean ~38% reflects meaningful but not certain progress.
Stablecoin regulation is priced at ~52% probability for 2026 — higher than FIT21 because it has broader bipartisan support and is more narrowly scoped. Both parties agree that dollar-denominated stablecoins need a regulatory framework (Tether alone handles $100B+ in daily transactions). The main debate is whether the Fed or OCC should oversee bank-issued stablecoins.
Prediction markets price Ethereum's commodity classification at ~62% in 2026. The SEC approved spot Ethereum ETFs in 2024, implicitly treating ETH as a commodity (not a security requiring registration). However, the SEC has never formally ruled ETH is a commodity. A formal CFTC jurisdiction claim or court ruling could settle this — Kalshi (a CFTC-regulated exchange) is particularly active on this market.
Crypto regulation prediction markets and crypto price markets are positively correlated — clearer regulation (FIT21, stablecoin bill) tends to increase institutional confidence and drive crypto price markets higher. XRP's prediction markets rose significantly after its SEC case resolution; ETH $5K and $8K markets would likely rise on formal commodity classification. Mantis tracks both regulation and price prediction markets simultaneously.
A stablecoin framework is narrowly scoped and has broad bipartisan support — both parties agree dollar-backed tokens need rules — so it is priced near 52%, versus ~38% for sweeping FIT21-style market-structure legislation, which must resolve contentious SEC/CFTC jurisdiction questions. Narrow, consensus bills simply clear Congress more easily. The dedicated contracts live on the Stablecoins hub, which Mantis cross-links.
Whether a token is a security (SEC) or a commodity (CFTC) determines who regulates it and how strict the regime is — markets generally read CFTC oversight as lighter-touch and bullish. The ETH-commodity (~62%) and CFTC-jurisdiction markets are direct bets on that turf war, and they ripple into the ETF and price hubs. Watching them together (as Mantis enables) captures the regulatory-clarity trade.