Not optimistic about sports contracts? The NBA big betting markets that retail investors love are about to be overlooked.

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Citadel Securities President: Predicts the market will become a new tool for institutional hedging, with the U.S. election as the biggest risk
Citadel Securities President Jim Esposito stated that the company is fully capable of providing liquidity for prediction markets but is not optimistic about sports event contracts, valuing their role more in hedging geopolitical risks. He cited the 2026 U.S. midterm elections as an example, saying it will be one of the biggest risks investors face. As platforms like Kalshi and Polymarket emerge, the prediction market size is expanding, and Citadel is expected to enter the space.
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