Nicole Kagan
speaker
33 appearances
1 recordings
1 series
first heard Sep 2026
last heard 3d ago
Nicole Kagan’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Sep 2026 with 1.
Appearances
I would not like to see prediction markets banned in the United States.
The ratio is like one to two point nine.
One person will make money off a trade and two point nine will not.
Empirically, that puts us ahead of basically every other kind of financial derivative transaction.
It puts us well ahead of the traditional metric of comparison, which is a sports book.
It would be unreasonable to expect every participant in an effectively zero sum market to be profitable all the time.
That would be a really strange thing to assume, and it's not true of any market that has ever existed.
We are a peer-to-peer exchange.
We are a CFTC regulated derivatives exchange.
The implication there and in terms of action that we take is that we don't set pricing.
We don't set lines like a sports book does.
They're actually parametrically set.
So lower fees at the tails, higher fees in the middle.
We simply launch a market, and then the market prices the value of those things.
We don't intervene further.
from the perspective of the exchange to set any kind of pricing for any event that we have live on our platform.
We might provide incentives to get people to trade on certain questions because we might think that they're interesting or that they need liquidity.
We might reward people for participating in markets by rebating fees or removing fees from markets.
But as a general rule, we'd never set pricing on any of the markets that we have on our platform.
I think legislators are increasingly picking up on the fact that prediction markets are becoming a larger and larger industry.
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