Scottie Pippen helps sell Wall Street on prediction markets

Event contracts, as the basic product is known, have been promoted as a new asset class that will allow Americans to use financial exchanges to speculate on just about anything. But the CEOs of two of the largest traditional derivatives exchanges, CME and Cboe Global Markets Inc., said during the conference that they want regulators to review the rules that have allowed prediction markets to expand so quickly into untested areas by issuing new contracts without explicit regulatory approval.The four-day gath ...