Benesch Partners Kevin Frankel, Holly Gross and Managing Associate Bianca Smith Publish Law360 Article on Senate Ban on Prediction Market Trading

Kevin Frankel, partner and chair of the firm’s State Attorneys General practice group, along with Holly Gross, Partner, and Bianca Smith, Managing Associate, has published an article in Law360. The article, titled “Big Issues Linger After Senate Prediction Market Trading Ban,” explores the U.S. Senate’s new ban on participation in prediction markets and argues that, while symbolically significant, it does little to materially change existing practices or resolve deeper legal and regulatory challenges.

The authors examine Congress’ response to insider trading concerns in prediction markets, framing the Senate’s action as more of a reputational and ethical signal than a substantive regulatory shift. They also highlight the broader legal, political and economic tensions that will shape future oversight of these rapidly evolving platforms.

More: Big Issues Linger After Senate Prediction Market Trading Ban – Law360