US SEC Chairman: No opinion on prediction market Kalshi hiring Trump's son as consultant
Gary Gensler, the current chairman of the US Securities and Exchange Commission (SEC), stated in a recent interview: "I have no opinion on Kalshi's hiring of Trump's son as an advisor for market prediction, but the capital market itself is vast, with a capital market of $120 trillion, whether it is stocks, bonds, or ultimately prediction markets, all are about predicting future cash flows or predicting future opportunities for companies. Therefore, these markets are, in a sense, all about prediction markets, which is also why I am proud of some of the reforms we have made. We have implemented better disclosure of information, ensuring that only meaningful information is disclosed to investors so that they can make their own judgments about the future based on this information."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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