Star NYC Prediction Markets Roundtable

The September 2nd Roundtable brought together senior compliance leaders from 12 major banks, asset managers and alternative-investment firms for an invitation-only roundtable hosted by Evercore. Kalshi joined to provide the platform perspective. The conversation was unusually candid. Participants shared emerging policies, regulatory feedback and the control gaps they are still working through. Nearly everyone contributed - and hardly a phone came out for the entire hour. Considerable common ground emerged. Blanket bans may buy time, but most firms expect more granular controls that distinguish between financial and lower-risk markets, higher- and lower-risk employees, and preventive and detective measures. The discussion also extended beyond personal trading to confidential information, information barriers, outside business activities, pre-clearance, certifications and surveillance. Another institution has already offered to host the next session. If your firm is confronting these questions, keep an eye out for the follow up conversation.