{
  "_notice": {
    "type": "free_key_offer",
    "message": "Free and anonymous access is staying. If this endpoint is in your pipeline, a free key adds advance notice before any schema change or deprecation. POST /v1/keys {\"email\": \"you@firm.com\"} — nothing else required. Something broken or missing? hello@clearmarket.fyi reaches a human.",
    "docs": "https://clearmarket.fyi/for-data/",
    "policy": "This field is additive and its shape will not change."
  },
  "event_id": "CM-EVT-25SXVWH5D4",
  "slug": "kxcryptostructure-26jan",
  "question": "Will crypto market structure legislation become law by 2027?",
  "category": "politics",
  "event_type": "BINARY",
  "ladder_distribution": null,
  "tags": [
    "politics",
    "crypto-regulation",
    "market-structure",
    "us-legislation",
    "2027",
    "financial-markets"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track whether U.S. crypto market structure legislation will be signed into law across discrete deadline tranches. Kalshi structures the event as a series of binary strikes, each asking whether enactment occurs before a specific cutoff date. Earlier strikes imply later ones, creating an implicit probability term structure across the 2026-2027 window. Kalshi staff determination uses the White House website as the authoritative source for enactment confirmation.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-L3DYWS5Q44",
  "current_primary_mark": {
    "last_price": 0.37,
    "implied_probability": 0.37
  },
  "created_at": "2026-07-23T21:11:14.426158+00:00",
  "updated_at": "2026-07-23T21:11:14.426158+00:00",
  "markets": [
    {
      "market_id": "CM-MKT-GXGF5PR1D1",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-26JAN-FEB",
      "question": "Will a crypto market structure bill becomes law before Feb 1, 2027?",
      "description": "Before Feb 1, 2027",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Feb 1, 2027: The White House website, reviewed by Kalshi staff on January 1, 2027, determines whether legislation becomes law before the deadline.",
      "close_at": "2027-02-01T15:00:00Z",
      "resolve_at": "2027-02-01T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If a crypto market structure bill becomes law before Feb 1, 2027, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
          },
          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Library of Congress",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
      },
      "last_price": 0,
      "implied_probability": 0,
      "volume_24h_usd": 0,
      "volume_total_usd": 0,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "crypto",
        "crypto structure legislation",
        "legislation",
        "regulatory"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "not_eligible",
          "reasons": [
            "category_not_permitted"
          ],
          "bucket": null,
          "screened_at": "2026-06-12"
        }
      ]
    },
    {
      "market_id": "CM-MKT-JZWML3JSD5",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-26JAN-JUN",
      "question": "Will a crypto market structure bill becomes law before Jun 1, 2026?",
      "description": "Before Jun 1, 2026",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Jun 1, 2026: The White House website, reviewed by Kalshi staff on January 1, 2027, determines whether legislation becomes law before the deadline.",
      "close_at": "2026-06-01T04:00:00Z",
      "resolve_at": "2026-06-01T04:00:00Z",
      "status": "resolved",
      "resolution": {
        "rules_raw": "If a crypto market structure bill becomes law before Jun 1, 2026, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
          },
          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Library of Congress",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
      },
      "last_price": 0.001,
      "implied_probability": 0.001,
      "volume_24h_usd": 0,
      "volume_total_usd": 598.59,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "crypto",
        "crypto structure legislation",
        "legislation",
        "regulatory"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "not_eligible",
          "reasons": [
            "category_not_permitted"
          ],
          "bucket": null,
          "screened_at": "2026-06-12"
        }
      ]
    },
    {
      "market_id": "CM-MKT-YF5B0FWTJ8",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-26JAN-JUL",
      "question": "Will a crypto market structure bill becomes law before Jul 1, 2026?",
      "description": "Before Jul 1, 2026",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Jul 1, 2026: The White House website, reviewed by Kalshi staff on January 1, 2027, determines whether legislation becomes law before the deadline.",
      "close_at": "2026-07-01T14:00:00Z",
      "resolve_at": "2026-07-01T14:00:00Z",
      "status": "resolved",
      "resolution": {
        "rules_raw": "If a crypto market structure bill becomes law before Jul 1, 2026, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
          },
          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Library of Congress",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
      },
      "last_price": 0.001,
      "implied_probability": 0.001,
      "volume_24h_usd": 0,
      "volume_total_usd": 320.48,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "crypto",
        "crypto structure legislation",
        "legislation",
        "regulatory"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "not_eligible",
          "reasons": [
            "category_not_permitted"
          ],
          "bucket": null,
          "screened_at": "2026-06-12"
        }
      ]
    },
    {
      "market_id": "CM-MKT-S999M9DY22",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-26JAN-AUG",
      "question": "Will a crypto market structure bill becomes law before Aug 1, 2026?",
      "description": "Before Aug 1, 2026",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Aug 1, 2026: The White House website, reviewed by Kalshi staff on January 1, 2027, determines whether legislation becomes law before the deadline.",
      "close_at": "2026-08-01T14:00:00Z",
      "resolve_at": "2026-08-01T14:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If a crypto market structure bill becomes law before Aug 1, 2026, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
          },
          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Library of Congress",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
      },
      "last_price": 0.006,
      "implied_probability": 0.006,
      "volume_24h_usd": 85.6752,
      "volume_total_usd": 4861.2276,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "crypto",
        "crypto structure legislation",
        "legislation",
        "regulatory"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "not_eligible",
          "reasons": [
            "category_not_permitted"
          ],
          "bucket": null,
          "screened_at": "2026-06-12"
        }
      ]
    },
    {
      "market_id": "CM-MKT-F3MY9PCJ89",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-26JAN-SEP",
      "question": "Will a crypto market structure bill becomes law before Sep 1, 2026?",
      "description": "Before Sep 1, 2026",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Sep 1, 2026: The White House website, reviewed by Kalshi staff on January 1, 2027, determines whether legislation becomes law before the deadline.",
      "close_at": "2026-09-01T14:00:00Z",
      "resolve_at": "2026-09-01T14:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If a crypto market structure bill becomes law before Sep 1, 2026, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
          },
          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Library of Congress",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
      },
      "last_price": 0.05,
      "implied_probability": 0.05,
      "volume_24h_usd": 2111.6465000000003,
      "volume_total_usd": 21912.1455,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "crypto",
        "crypto structure legislation",
        "legislation",
        "regulatory"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-9L2XCY3DZ2",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-26JAN-OCT",
      "question": "Will a crypto market structure bill becomes law before Oct 1, 2026?",
      "description": "Before Oct 1, 2026",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Oct 1, 2026: The White House website, reviewed by Kalshi staff on January 1, 2027, determines whether legislation becomes law before the deadline.",
      "close_at": "2026-10-01T14:00:00Z",
      "resolve_at": "2026-10-01T14:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If a crypto market structure bill becomes law before Oct 1, 2026, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
          },
          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Library of Congress",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
      },
      "last_price": 0.19,
      "implied_probability": 0.19,
      "volume_24h_usd": 266.8645,
      "volume_total_usd": 12483.684000000001,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "crypto",
        "crypto structure legislation",
        "legislation",
        "regulatory"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-S0P3GP17H6",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-26JAN-NOV",
      "question": "Will a crypto market structure bill becomes law before Nov 1, 2026?",
      "description": "Before Nov 1, 2026",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Nov 1, 2026: The White House website, reviewed by Kalshi staff on January 1, 2027, determines whether legislation becomes law before the deadline.",
      "close_at": "2026-11-01T15:00:00Z",
      "resolve_at": "2026-11-01T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If a crypto market structure bill becomes law before Nov 1, 2026, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
          },
          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
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        ],
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        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
      },
      "last_price": 0.22,
      "implied_probability": 0.22,
      "volume_24h_usd": 81.7872,
      "volume_total_usd": 6230.4088,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "crypto",
        "crypto structure legislation",
        "legislation",
        "regulatory"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-LKL8L9RSL3",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-26JAN-DEC",
      "question": "Will a crypto market structure bill becomes law before Dec 1, 2026?",
      "description": "Before Dec 1, 2026",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Dec 1, 2026: The White House website, reviewed by Kalshi staff on January 1, 2027, determines whether legislation becomes law before the deadline.",
      "close_at": "2026-12-01T15:00:00Z",
      "resolve_at": "2026-12-01T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If a crypto market structure bill becomes law before Dec 1, 2026, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
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          {
            "name": "Library of Congress",
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            "provenance": "platform_api"
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        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
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      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
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      "last_price": 0.31,
      "implied_probability": 0.31,
      "volume_24h_usd": 123.3676,
      "volume_total_usd": 11562.2188,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "crypto",
        "crypto structure legislation",
        "legislation",
        "regulatory"
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      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-L3DYWS5Q44",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-26JAN-27",
      "question": "Will a crypto market structure bill becomes law before Jan 1, 2027?",
      "description": "Before Jan 1, 2027",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Jan 1, 2027: The White House website, reviewed by Kalshi staff on January 1, 2027, determines whether legislation becomes law before the deadline.",
      "close_at": "2027-01-01T15:00:00Z",
      "resolve_at": "2027-01-01T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If a crypto market structure bill becomes law before Jan 1, 2027, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
          },
          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
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        ],
        "source_of_record": "Library of Congress",
        "source_mechanism": "single_authority",
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        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
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      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
      },
      "last_price": 0.37,
      "implied_probability": 0.37,
      "volume_24h_usd": 655.8842000000001,
      "volume_total_usd": 272377.868,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "crypto",
        "crypto structure legislation",
        "legislation",
        "regulatory"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "not_eligible",
          "reasons": [
            "category_not_permitted"
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          "bucket": null,
          "screened_at": "2026-06-12"
        }
      ]
    },
    {
      "market_id": "CM-MKT-7Z6M0T7WS5",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-26JAN-27APR",
      "question": "Will a crypto market structure bill become law before Apr 1, 2027?",
      "description": "Before Apr 1, 2027",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Apr 1, 2027: The White House website, reviewed by Kalshi staff on January 1, 2027, determines whether legislation becomes law before the deadline.",
      "close_at": "2027-04-01T14:00:00Z",
      "resolve_at": "2027-04-01T14:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If a crypto market structure bill become law before Apr 1, 2027, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
          },
          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Library of Congress",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
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      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
      },
      "last_price": 0.53,
      "implied_probability": 0.53,
      "volume_24h_usd": 287.63100000000003,
      "volume_total_usd": 6892.6606,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "crypto",
        "crypto structure legislation",
        "legislation",
        "regulatory"
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      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-ZZZRNPTMQ0",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-27JAN-27JUL",
      "question": "Will a crypto market structure bill become law before Jul 1, 2027?",
      "description": "Before Jul 1, 2027",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Jul 1, 2027: The White House website, reviewed by Kalshi staff on January 1, 2027, determines whether legislation becomes law before the deadline.",
      "close_at": "2027-07-01T14:00:00Z",
      "resolve_at": "2027-07-01T14:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If a crypto market structure bill become law before Jul 1, 2027, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
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          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Library of Congress",
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        "source_commitment_subtype": "named",
        "source_hedge_text": null
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      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
      },
      "last_price": 0.53,
      "implied_probability": 0.53,
      "volume_24h_usd": 384.2129,
      "volume_total_usd": 4464.9373000000005,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
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        "crypto structure legislation",
        "legislation",
        "regulatory"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-M5JJXS7960",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-27JAN-27OCT01",
      "question": "Will a crypto market structure bill become law before Oct 1, 2027?",
      "description": "Before Oct 1, 2027",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Oct 1, 2027: The White House website, reviewed by Kalshi staff on January 1, 2027, determines whether legislation becomes law before the deadline.",
      "close_at": "2027-10-01T14:00:00Z",
      "resolve_at": "2027-10-01T14:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If a crypto market structure bill become law before Oct 1, 2027, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
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          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Library of Congress",
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        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
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      "last_price": 0.62,
      "implied_probability": 0.62,
      "volume_24h_usd": 396.50239999999997,
      "volume_total_usd": 8348.8208,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "crypto",
        "crypto structure legislation",
        "legislation",
        "regulatory"
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      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-5D70BKLW95",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-27JAN-28",
      "question": "Will crypto market structure legislation become law before Jan 1, 2028?",
      "description": "Before Jan 1, 2028",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before Jan 1, 2028: The White House website, reviewed by Kalshi staff on January 1, 2027, determines whether legislation becomes law before the deadline.",
      "close_at": "2028-01-01T15:00:00Z",
      "resolve_at": "2028-01-01T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If a crypto market structure bill become law before Jan 1, 2028, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
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            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
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          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Library of Congress",
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        "source_type": null,
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        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
      },
      "last_price": 0.65,
      "implied_probability": 0.65,
      "volume_24h_usd": 219.70000000000002,
      "volume_total_usd": 3913.338,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "crypto",
        "crypto structure legislation",
        "legislation",
        "regulatory"
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      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-J25FR9R2R6",
      "event_id": "CM-EVT-25SXVWH5D4",
      "platform": "kalshi",
      "platform_market_id": "KXCRYPTOSTRUCTURE-26JAN-MAY",
      "question": "Will a crypto market structure bill becomes law before May 1, 2026?",
      "description": "Before May",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Before May: Kalshi staff determination of whether legislation on the named subject becomes law, based on White House records and public law databases, by January 1, 2027 at 3:00 p.m. ET.",
      "close_at": "2026-05-01T14:00:00Z",
      "resolve_at": "2026-05-01T14:00:00Z",
      "status": "closed",
      "resolution": {
        "rules_raw": "If a crypto market structure bill becomes law before May 1, 2026, then the market resolves to Yes.\n\nFor purposes of this Contract, \"crypto market structure legislation\" means any bill that does all of the following:\n\nEstablishes a comprehensive regulatory framework for digital assets, cryptocurrencies, or virtual currencies (but not solely for stablecoins); AND\nDelineates regulatory authority between federal agencies (such as the SEC, CFTC, or others) for oversight of digital assets; AND\nCreates definitions, classifications, or categories for when digital assets are considered securities, commodities, or other regulatory classifications.\n\nThe following would NOT satisfy the Payout Criterion:\n\nBills that solely regulate stablecoins without addressing broader crypto market structure;\nBills that only ban or restrict specific crypto activities without creating a regulatory framework;\nBills that only address Central Bank Digital Currencies (CBDCs);\nAppropriations bills that merely fund crypto-related activities;\nBills that only address crypto taxation without market structure provisions;\nExecutive orders, regulatory guidance, or agency rules (only Congressional legislation counts);\nBills that pass only one chamber of Congress;\nBills that are vetoed and not overridden;\nState legislation of any kind\n\nExamples that WOULD meet the Payout Criterion:\n\nThe Digital Asset Market Clarity (CLARITY) Act, if passed by both chambers and signed into law;\nThe Financial Innovation and Technology for the 21st Century Act (FIT21), if passed by both chambers and signed into law;\nAny omnibus bill that includes comprehensive crypto market structure provisions as described above.\n\nExamples that would NOT meet the Payout Criterion:\n\nThe GENIUS Act or STABLE Act (stablecoin-only legislation);\nThe Anti-CBDC Surveillance State Act (CBDC-specific);\nA bill that passes the House but not the Senate;\nAn executive order directing agencies to study crypto regulation.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "White House",
        "source_status": "platform_named",
        "source_citation": "https://whitehouse.gov/",
        "sources": [
          {
            "name": "White House",
            "url": "https://whitehouse.gov/",
            "provenance": "platform_api"
          },
          {
            "name": "Library of Congress",
            "url": "https://congress.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Library of Congress",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
      },
      "last_price": 0.001,
      "implied_probability": 0.001,
      "volume_24h_usd": 0,
      "volume_total_usd": 569.95,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": null,
      "also_on": null,
      "tags": [
        "crypto",
        "crypto structure legislation",
        "legislation",
        "regulation"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "not_eligible",
          "reasons": [
            "category_not_permitted"
          ],
          "bucket": null,
          "screened_at": "2026-06-12"
        }
      ]
    }
  ],
  "resolution_log": [
    {
      "market_id": "CM-MKT-YF5B0FWTJ8",
      "platform": "kalshi",
      "event_type": "resolved",
      "outcome": "NO",
      "resolved_at": "2026-07-01T15:15:43.133559Z",
      "deadline_at": null,
      "occurred_basis": "venue_settlement",
      "final_price": 0.001,
      "recorded_at": "2026-07-06",
      "source": "platform_api",
      "source_ref": null
    },
    {
      "market_id": "CM-MKT-JZWML3JSD5",
      "platform": "kalshi",
      "event_type": "resolved",
      "outcome": "NO",
      "resolved_at": "2026-06-01T14:53:40.612238Z",
      "deadline_at": null,
      "occurred_basis": "venue_settlement",
      "final_price": 0.001,
      "recorded_at": "2026-07-06",
      "source": "platform_api",
      "source_ref": null
    },
    {
      "market_id": "CM-MKT-J25FR9R2R6",
      "platform": "kalshi",
      "event_type": "status_change",
      "outcome": "closed",
      "resolved_at": null,
      "deadline_at": "2026-05-01T14:00:00Z",
      "occurred_basis": "deadline",
      "final_price": null,
      "recorded_at": "2026-07-06",
      "source": "platform_api",
      "source_ref": null
    }
  ],
  "_provenance": {
    "source": "clearmarket.fyi",
    "ref": "CM-EVT-25SXVWH5D4",
    "terms": "Attribution required. clearmarket.fyi"
  }
}