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 […]
Canada’s High Court to Rule on SS&C’s Spoilation Against BNY
“Failure to preserve and produce relevant documents is conduct worthy of censure” wrote Justice William Hourigan of the Court of Appeal for Ontario in the court’s scathing September 2024 ruling against The Bank of New York Mellon Corporation, now called BNY, for breach of contract with SS&C Technologies Canada Corp. He went on to say that […]