Prediction Markets

Description

Prediction markets have taken a meteoric rise as a cultural and financial phenomenon in the last year. Interest meaningfully took off during the November 2024 presidential election and culminated most recently with an eye-popping $4.8 billion in trading volume this February in the week leading up to Superbowl LX. Today, this activity centers around the Polymarket and Kalshi platforms. New entrants are coming fast and furiously, from new start-ups to incumbents in financial services and gaming.

Prediction market platforms, including Polymarket and Kalshi, deploy new technologies to make new types of markets. They take different and new approaches in how and to whom trading is offered. They challenge incumbents ranging from traditional futures markets to gaming services. They also change the way information is shared and understood—the current CFTC Chair has referred to these as “information markets.” And they raise new and interesting legal and regulatory questions, many of which result in headlines of their own.

Who Should Attend: In-house counsel at financial institutions, fintech, and technology companies; outside counsel, regulators, and policy makers in financial services and fintech, market design, technology, IP, and regulatory innovation.