Svmuu News Citadel Securities President Jim Esposito stated at the Semafor World Economic Forum in Washington that it is entirely possible for the company to provide liquidity for prediction markets. However, he explicitly expressed no interest in sports event contracts, placing greater value on their role in hedging geopolitical risks.
Using the November 2026 US midterm elections as an example, Esposito described it as "one of the biggest risks to investors' portfolios." He pointed out that with the rapid development of platforms like Kalshi and Polymarket, the prediction market is continuously expanding, which will naturally attract Citadel Securities to enter the arena. (The Block)
Citadel Securities President: Prediction Markets to Become New Tool for Institutional Hedging, US Election is the Biggest Risk
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Source:Odaily · Source Link
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