Ben Schifrin

Ben Schifrin appears in U.S. regulators eye rules for prediction markets as a Better Markets expert explaining why prediction markets create a regulatory mismatch for the CFTC. He says the CFTC was designed to regulate commodities and derivatives markets, while prediction markets can create corruption risks that look closer to sports betting, political information leakage, or military-intelligence misuse.

Schifrin’s core contribution is to widen Prediction Market Ethics from harmful-event contracts into Prediction Market Integrity Oversight. The episode uses his comments to argue that event markets involving war, military action, or government information can create manipulation and insider-information risks beyond ordinary commodity regulation.

Connections

• Better Markets - Schifrin’s organization in the episode.
• CFTC - regulator whose mandate he frames as mismatched to some prediction-market risks.
• Prediction Market Ethics, Prediction Market Integrity Oversight, and Event Contract Manipulation Risk - concepts his comments extend.
• Polymarket, Iran, Ukraine, and Venezuela - conflict-market contexts discussed in the source.