SEC Chair Indicates Regulation of Prediction Markets May Be Needed

SEC Chair Paul Atkins believes the agency has the authority to oversee parts of the growing prediction market industry, emphasizing potential regulatory measures.

Paul Atkins, the Chair of the Securities and Exchange Commission (SEC), has expressed that the regulatory body may possess adequate power to govern certain aspects of the rapidly expanding prediction market sector. During a recent discussion, Atkins highlighted that the SEC has 'sufficient authority' to exert control over at least some of these emerging markets.