SEC Chairman Paul Atkins: The regulatory classification of predictive market event contracts should be clarified, and cross-margining should be advanced.

Techub News reported, according to Eleanor Terrett, that Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), spoke at the Futures Industry Conference in Boca Raton, Florida, outlining several initiatives by the SEC and CFTC to promote regulatory coordination. Regarding prediction markets, he called for agencies to reach a clear consensus on event contracts, including whether certain contracts should be considered security-based swaps or other securities. Paul Atkins also stated that cross-margining is a method to release liquidity trapped in segregated accounts within the derivatives market, allowing firms to use the same collateral across related platforms.