Kenesha Starling Duncan

Arnold & Porter are most popular: within Strategy and International Law topic(s) Prediction markets allow participants to trade contracts whose value depends on the outcome of a future event. A typical contract poses a yes-or-no question — such as whether a particular candidate will win an election, the Federal Reserve will cut interest rates, or a team will win a sporting event — and settles at a fixed value if the specified event occurs and at zero if it does not.

Introduction and Regulatory Background Prediction markets allow participants to trade contracts whose value depends on the outcome of a future event. A typical contract poses a yes-or-no question — such as whether a particular candidate will win an election, the Federal Reserve will cut interest rates, or a team will win a sporting event — and settles at a fixed value if the specified event occurs and at zero if it does not.