Prediction Markets: What Advisers Need to Know

Stacie Hartman is a partner at Morgan, Lewis & Bockius LLP. Leveraging exceptional strategic judgment and a thorough understanding of her clients’ business honed over nearly three decades, Hartman represents financial institutions and exchanges, investment managers, proprietary trading firms, individual traders, and executives in complex matters focused on financial markets, including prediction markets. She leads cases before US courts and in enforcement proceedings before the CFTC and SEC, as well as the NFA, exchanges, and the U.S. Department of Justice. She also conducts efficient, comprehensive internal investigations and handles the follow-on private litigation that often accompanies an enforcement action, and other litigation involving trading in the financial markets. 

Robert Schwartz is a partner at Morgan, Lewis & Bockius LLP. Drawing on more than a decade at the CFTC, Schwartz has a comprehensive practice in derivatives regulation, including counseling, registration, enforcement, and litigation matters involving the CFTC and more broadly affecting those in commodity and derivatives markets. He served most recently as the CFTC’s general counsel, and prior to that as the agency’s deputy general counsel for litigation. He has a deep understanding of the Commodity Exchange Act, CFTC rules and regulations, and National Futures Association’s rules and processes, and applies that knowledge and experience to traditional markets as well as emerging markets for digital assets and event contracts. 

Monique S. Botkin is associate general counsel of the IAA. Prior to joining the IAA in 2004, she was an associate in the financial services groups at Dechert LLP in Newport Beach, California, and Alston & Bird LLP in Washington, DC. While in private practice, Botkin represented investment advisers, registered investment companies, private funds, and broker-dealers in corporate, securities and investment management matters. Botkin also served as an attorney in the SEC’s Division of Investment Management disclosure review office from 2013 to 2014.