Baker McKenzie partners Jerome Tomas and Peter Chan recently spoke with CNBC about the regulatory questions emerging as prediction markets continue to expand. The conversation examined whether the US Securities and Exchange Commission (SEC) may take on a larger role alongside the Commodity Futures Trading Commission (CFTC) in overseeing certain prediction market event contracts that may be classified as securities-based swaps.Drawing on their prior experience at the SEC, Jerome and Peter discussed the evolving regulatory landscape for prediction markets. Jerome examined the jurisdictional issues that can arise as emerging products test the boundaries between SEC and CFTC oversight, while Peter noted that greater regulatory clarity and coordination could benefit prediction market platforms as the market continues to evolve.

Watch the video and read the full article on CNBC