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

Law360 recently quoted Kevin Frankel, a partner at Benesch and lead of the firm’s State Attorneys General Practice Group, in the article “Prediction Market Regulators, Bad Actors In AI ArmsRace.” The article examines how artificial intelligence is increasingly being used by both regulators and market participants to detect and investigate insider trading and other illicit activity in prediction markets.

Throughout the article, Frankel provides insight into how regulators are leveraging the same AI tools used by traders to identify suspicious activity, monitor trading patterns and investigate potential misconduct.

Frankel noted that regulators are increasingly adopting advanced technology to close the gap with market participants, explaining: “They can use the same sort of AI tools that folks are using to beat the markets to find the people beating the markets.”

Read the full article here.