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Nigeria’s SEC chief cites daily betting worth $5.5 million

Regulation

Nigeria’s Securities and Exchange Commission director-general Emomotimi Agama said more than 60 million Nigerians place bets worth $5.5 million daily. He contrasted betting activity with participation in capital markets, which he said involves fewer than three million Nigerians, and argued that betting expenditure could instead support investment.

The SEC chief’s figures frame gambling participation against the country’s smaller capital-market investor base.

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SEC approves Cboe KPI contracts; Robinhood expects Q3 offer

The SEC approved Cboe Global Markets’ plan for event contracts tied to corporate KPIs. Robinhood expects to offer the contracts during the third-quarter earnings season, subject to final clearinghouse registration approval. The report says they will face securities-law requirements covering margin, customer accounts, auctions and quoting.

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