Oxford legal scholars propose distinct US rules for prediction markets
By SectorWire desk ·
Summary
Oxford legal scholars Jonathan R. Macey and Luca Enriques proposed a different regulatory approach for US prediction markets in a 26 August blog. They argued that event contracts can encourage corrupt or illegal attempts to influence outcomes and that regulators should avoid automatically applying securities-market rules.
Why it matters
The scholars urge regulators to address event contracts’ incentives for corrupt or illegal outcome influence without automatically applying securities-market rules.