Citadel Securities has submitted comments to U.S. regulators, arguing that event contracts linked to publicly listed American companies should fall under the oversight of the U.S. Securities and Exchange Commission. The market maker said trading platforms should not be able to avoid SEC jurisdiction by using self-certification filings with the Commodity Futures Trading Commission. The filing adds to a growing dispute over who should supervise event contracts in the United States. Some prediction markets currently list such products under the CFTC framework, but the issue has drawn sharper attention as these contracts expand beyond politics and macro topics to include stocks and other financial assets. That shift has put the dividing line between SEC and CFTC authority under closer scrutiny.
Citadel Securities has submitted comments to U.S. regulators calling for event contracts tied to publicly listed U.S. companies to be regulated by the U.S. Securities and Exchange Commission, or SEC.
The market maker said trading platforms should not bypass SEC oversight by relying on self-certification with the U.S. Commodity Futures Trading Commission, or CFTC.
The jurisdictional dispute over event contracts has continued to intensify. Some prediction markets in the U.S. currently offer these contracts under the CFTC framework. As event contracts increasingly extend to stocks and other financial assets, the boundary between SEC and CFTC oversight has become a key point of market attention.
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