Citadel Securities eyes prediction markets, excluding sports

Citadel Securities President Jim Esposito indicated the firm might enter the prediction market space, seeing potential beyond sports-related contracts. Esposito suggested these markets could serve as valuable tools for institutional clients to hedge against various risks, including geopolitical events. The market maker believes prediction markets are likely to grow and scale, potentially benefiting from Citadel Securities' expertise in providing liquidity to deepen these often thinly traded platforms and enable larger-scale participation as the sector matures.