While we’re on the subject, it may also be worth pointing out that the ‘prediction markets universe’ and the ‘securities markets universe’ are starting to collide. (Hey, it’s the plot of every sci-fi or superhero movie in the last 10 years!) I say that because Nasdaq MRX has asked the SEC for approval to list and trade prediction market options (Outcome-Related Options or “OROs”) on the Nasdaq-100 Index. (Cboe is considering something similar.)

There’s also the fact that NYSE announced a partnership and $2 billion investment in Polymarket last October. What this means for us securities lawyers, I don’t know. But these are things that are happening.

– Meredith Ervine