Citadel Securities Urges SEC to Take Oversight of Some Wagers

Citadel Securities submitted a comment to regulators stating that prediction market contracts linked to publicly-traded companies should be overseen by the Securities and Exchange Commission rather than the Commodity Futures Trading Commission, which currently has jurisdiction over such contracts. The filing was made as part of the ongoing regulatory debate over which agency should supervise prediction markets. No additional details about the timing or specific contracts referenced were provided.

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