00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Prediction markets are expanding into stock-linked wagers,
00:06raising concerns about investor protection and market oversight,
00:09as the industry moves deeper into traditional Wall Street territory, according to Reuters.
00:14Polymarket international traders wagered more than $220 million on roughly 31,000 equity-linked
00:20markets through early September, with NVIDIA, Alphabet, Apple, and Tesla among the most popular
00:25individual stocks. CalShe offers about 2,500 daily markets tied to indexes and corporate
00:31performance measures. Legal experts warn the products operate outside many protections and
00:37surveillance rules governing regulated exchanges. The SEC and CFTC are reviewing how equity-linked
00:44prediction markets should be regulated as questions grow over securities laws, insider trading,
00:48and which agency should oversee the products. For all things money, visit Benzinga.com.
