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Polymarket’s 89% Odds on GENIUS Act Passage Sparks Crypto Controversy

Polymarket’s 89% Odds on GENIUS Act Passage Sparks Crypto Controversy

Published:
2025-06-20 02:28:02
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Polymarket, a crypto-based prediction platform, has ignited debate with its 89% probability assessment of the GENIUS Act clearing both chambers of Congress and receiving presidential approval by 2026. The forecast follows a decisive 68-30 Senate vote and public endorsement from former President Donald Trump, though House passage remains uncertain amid lingering concerns about crypto industry ties.

The legislation's potential to authorize corporate stablecoin issuance has drawn scrutiny, with tech giants reportedly exploring tokenization strategies. Two senators have already queried Meta about possible digital currency plans, signaling heightened regulatory attention as the bill advances.

|Square

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