Josh Sterling, Litigation & Arbitration partner at Milbank LLP and former Director of the CFTC’s Market Participants Division, was featured on a recent episode of the Prediction Markets Report podcast, discussing the latest developments in prediction markets litigation.
In the episode, recorded on September 8, Mr. Sterling provides an update relating to prediction markets and event contracts, including the core legal issues at stake, what may come next procedurally and substantively, and the implications for market participants and platforms such as Kalshi, which he represents in various matters. The conversation also touches on “elephants, mice and ducks” – key analogies that have emerged in the litigation – offering listeners a practical way to understand how different types of event contracts may be analyzed under the Commodity Exchange Act and related regulatory frameworks.
Mr. Sterling is a leading practitioner in commodities and derivatives law who represents financial markets and intermediaries in precedent-setting litigation, high-stakes investigations, and strategic regulatory and transactional matters relating to the offering of novel financial products. He currently leads Milbank’s nationwide litigation efforts concerning the legality of event contracts and prediction markets.
The Prediction Markets Report podcast focuses on analysis of prediction markets and the legal, economic and policy issues surrounding them.
Click to listen on the following platforms: Apple, Spotify.
