Milken Institute 100d ago

Find all Future of Finance 2026 session replays here: https://milkeninstitute.org/events/future-finance-2026/program Prediction markets are moving from niche curiosities toward the financial mainstream. As regulatory frameworks evolve, prediction markets are gaining relevance as inputs into financial and policy decision-making. The trend raises questions about where boundaries are required when contracts touch sensitive political events, markets, crises, and insider access. At the same time, prediction markets are drawing a new generation of retail traders while forging partnerships with major financial exchanges and institutional investors. Regulators and policymakers are determining how these markets should be governed, categorized, and integrated into the broader financial system. In this panel, leaders of prediction market firms, market structure experts, and former regulators will examine whether prediction markets represent a new asset class, a frontier in price discovery, or a repackaging of conventional sports betting. Participants will identify where these markets fit within the financial ecosystem and how they might reshape trading, governance, and decision-making in the future. Lydia Beyoud SEC and CFTC Reporter, Bloomberg Keli Callaghan Partner, Arrington Capital JB Mackenzie Vice President and General Manager, Futures and Prediction Markets, Robinhood Sean Patrick Maloney President and CEO, Coalition for Prediction Markets; former US Representative, New York Patrick McHenry Senior Advisor, a16z; former Chairman, US House Financial Services Committee