They look like derivatives contracts, but act like gambling bets. They are prediction contracts– one of the fastest growing trading sectors despite conflicting regulatory frameworks, no clearcut taxation rules, unique operating policies, and rumors of insider trading. A 2025 Keyrock-Dune analysis of the global prediction market industry puts Polymarket, operating strictly overseas at the time, […]
Outlook 2026: CCOs Worry Over Supreme Court Ruling on Disgorgement
Chief compliance officers (CCOs) at U.S. financial firms need to keep a close eye this year on what the Supreme Court decides about when and how the Securities and Exchange Commission (SEC) should impose disgorgement of illegal profits from violations of securities laws. The high court’s final say on the matter could either spell a […]
CISOs Scurry to Prepare for DTCC’s Approved Two-Hour Cyberbreach Notification
The U.S. Securities and Exchange Commission’s unexpected approval of a two-hour window for participants of Depository Trust Company (DTC), National Securities Clearing Corp. (NSCC) and Fixed Income Clearing Corp. (FICC) to notify the market infrastructures of a potential cybersecurity breach or other data outage has chief information security officers (CISOs) and others at U.S. broker-dealers and […]