Gary Gensler Backs States in Prediction Market Regulation Fight
SEC Chair Gary Gensler backs states in their effort to regulate prediction markets, signaling a shift toward state-level oversight of these increasingly popular platforms.
Tag: Prediction Markets
CFTC Issues First Prediction Markets Rule Proposal, Setting Public Interest Framework
The U.S. Commodity Futures Trading Commission has taken a major step toward formalizing oversight of prediction markets by issuing its first notice of proposed rulemaking on Wednesday. The proposal outlines a framework for how the agency will evaluate whether prediction market contracts serve the public interest, marking a significant milestone for an industry that has…
Prediction Markets Surge Past $3 Billion Run Rate, Targeting $10 Billion by 2030
Prediction Markets Surge Past $3 Billion Run Rate, Targeting $10 Billion by 2030 Prediction markets have broken through the $3 billion annual revenue rate, marking explosive growth in a sector that is rapidly transitioning from a niche speculative tool to a legitimate financial asset class. According to a report from U.S. bank Citizens released on…
Goldman Sachs Eyes Crypto, Tokenization and Prediction Markets as Key Growth Areas
Goldman Sachs Eyes Crypto, Tokenization and Prediction Markets as Key Growth Areas Goldman Sachs is significantly increasing its focus on cryptocurrency-adjacent technologies, including tokenized assets and prediction markets, according to CEO David Solomon during the firm’s fourth quarter earnings call Thursday. Solomon revealed that Goldman Sachs has assembled large internal teams dedicated to exploring how…
