Wu learned that, according to FOX reporter Charles Gasparino, the U.S. CFTC and SEC are currently aligned in their approach to regulating prediction markets and recent abnormal trading related to the Iran conflict. Gasparino pointed out that although the public perceives this area to be solely under the jurisdiction of the CFTC, when prediction contracts are legally defined as "securities," the SEC will become deeply involved. He also revealed that, in addition to the previously announced cases, regulators may initiate more enforcement actions against prediction markets in the future.