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  <title>Prediction Markets at the Crossroads: Innovation, Regulation, and Market Design</title>
  <description>Recorded on Friday, May 29, 2026  Background: Prediction markets—only a few years ago relegated to academic discourse—are now in the news almost daily and at the center of a vibrant policy debate. Bringing together subject matter experts to examine this fast-moving legal landscape, this webinar explored how these markets operate and how they have evolved into platforms for trading on real-world outcomes. Panelists addressed key questions surrounding the boundaries between state and federal jurisdiction, the intersection of gaming law and derivatives regulation, market structure, consumer protection, and insider trading.  Panelists: Dan Berkovitz, Vice Chairman, External and Regulatory Affairs, Millennium Management; Former Commissioner, Commodity Futures Trading Commission (CFTC)  Ferdisha Snagg, Partner, Cleary Gottlieb Steen &amp;amp;amp; Hamilton LLP  Joshua Sterling, Partner, Milbank LLP  Brian Quintenz, Director, KalshiEx and Kalshi Klear; Former Commissioner, Commodity Futures Trading Commission (CFTC)  Moderator: Paolo Saguato, Professor of Law; Founder and Director of the Program on Financial Markets, George Mason University Antonin Scalia Law School </description>
  <author_name>The Marketplace of Ideas</author_name>
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