October 6, 2026
- A cowboy hat full of companies is choosin’ Texas for their listings, as the upstart TXSE raises more millions
- Another skirmish in the growing co-opetition between big banks and proprietary trading firms
- Despite considerable legal and regulatory uncertainty, Payward and Kalshi seek US regulatory clearance to launch “perpetual futures” on individual stocks
- Citadel Securities urges regulators to place “prediction” contracts related to public companies under SEC jurisdiction
- A call to ensure that any ban or limits on members of Congress trading stocks also extends to the presidency
- Concerns continue to spread about the potential for fraud, manipulation, insider trading and poor investor outcomes on “prediction” markets…
- …Even as the fight over federal vs. state jurisdiction of the event-betting platforms appears likelier to wind up at the Supreme Court, where a 2024 precedent affecting regulatory-agency power might weaken the CFTC’s hand
- Days after the Clarity Act fails in Congress, the SEC carves out a five-year exemption from exchange and dealer regulation for “tokenized securities venues” and the market makers who provide liquidity on them, respectively
- Asset managers and trading firms struggle with the impact of AI proliferation on the staying power of trading signals, data-set quality and herd-behavior risks, among other issues.
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