Benesch Partner Kevin Frankel Quoted in Law360 on AI’s Growing Role in Prediction Market Enforcement

Benesch is pleased to share that Partner Kevin Frankel, head of the firm’s State Attorneys General Practice Group, was quoted in a recent Law360 article examining how artificial intelligence is reshaping the enforcement landscape for prediction markets.

The article, “Prediction Market Regulators, Bad Actors In AI Arms Race,” explores how regulators are increasingly using AI and advanced analytics to detect suspicious trading activity, identify insider trading schemes, and monitor prediction market platforms. The piece highlights recent enforcement actions involving alleged misuse of confidential and classified information, while also examining how both regulators and market participants are leveraging emerging technologies.

Frankel noted that regulators are becoming more sophisticated in their use of AI tools to uncover market misconduct, observing: “They can use the same sort of AI tools that folks are using to beat the markets to find the people beating the markets.”

The article further discusses the ongoing technological race between regulators and bad actors, with Frankel emphasizing that while traders may currently have an advantage, enforcement agencies are rapidly closing the gap as AI becomes a central tool in detecting and investigating potential violations.

More: Prediction Market Regulators, Bad Actors In AI Arms Race – Law360