Wall Street’s Top Cop Expects Enforcement on Prediction Markets

Wall Street’s top cop expects regulators to take actions tied to prediction markets following a surge in trading on the platforms over the past year, saying that simply making bets...

By Chris Dolmetsch, Nicola M White · Bloomberg Markets

Wall Street’s top cop expects regulators to take actions tied to prediction markets following a surge in trading on the platforms over the past year, saying that simply making bets outside of traditional spaces “doesn’t insulate you from fraud.”