FIA CEO on Prediction Market 'Disruption,' Regulation

The Futures Industry Association CEO Walt Lukken discussed the expansion of prediction markets and single-stock futures trading in an interview with Bloomberg Businessweek Daily. CME Group launched single-stock futures contracts on more than 50 large US companies, offering cash settlement based on closing stock prices. Lukken characterized the growth of prediction markets as beneficial for developing regulatory practices in the industry. The conversation also addressed the CFTC approval of perpetual futures trading by platforms including Kalshi and Polymarket.

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