Citadel Securities President states: The company may enter the prediction market, focusing on geopolitical hedging rather than sports events

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Deep Tide TechFlow News: On April 17, according to The Block, Citadel Securities President Jim Esposito said in Washington at the Semafor World Economic Forum on Thursday local time that the company “absolutely has the potential” to provide liquidity for prediction markets. However, he said he is not interested in sports event contracts, and instead values the role prediction markets play in hedging geopolitical risks. He cited this year’s November U.S. midterm elections as an example, saying they would be “one of the biggest risks facing investors’ portfolios.”

Esposito noted that as platforms like Kalshi and Polymarket continue to develop rapidly, the size of prediction markets is expected to keep expanding, which will naturally draw Citadel Securities in. Notably, Citadel Securities CEO Peng Zhao participated in Kalshi’s $185 million funding round last year.

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