Davis Polk partner Gabe Rosenberg was quoted in The Information discussing the CFTC’s request for comment on proposed rules aimed at preventing exchanges from giving affiliated trading firms an advantage over customers.

The article noted that the proposal would require trading and exchange businesses to operate independently and would bar the trading firms from making speculative bets against customers.

“It’s really to address a different type of market structure that’s being used by crypto and prediction markets,” Gabe said. “It’s about how many functions in the market can be done by one affiliated group and what protections need to be in place.”

“Why Regulators Are Scrutinizing Prediction Markets’ Trading Arms,” The Information (September 2, 2026) (subscription required)

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