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Jim Esposito, President of Citadel Securities, highlighted the potential of prediction markets as a tool for institutional hedging against geopolitical risks. Speaking at the Semafor World Economic Forum in Washington, Esposito emphasized the company's capability to provide liquidity to these markets, while expressing disinterest in sports event contracts. He identified the upcoming U.S. midterm elections in November 2026 as a significant risk to investors' portfolios.Esposito noted the rapid growth of platforms like Kalshi and Polymarket, which is expanding the prediction market size and drawing interest from Citadel Securities. The firm sees value in leveraging these markets to manage geopolitical uncertainties, aligning with its strategic focus on risk management.

KALSHI+0.78%POLY-11.55%

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