Prediction markets: What hedge funds need to know

Monday, December 8, 2025

Prediction markets such as Polymarket and Kalshi have seen rapid growth over the past year, driven by retail participation. As a result, they have become increasingly integrated in the financial system – catching the attention of institutional investors. What do hedge funds need to know about this growing corner of the market?

On December 8, 2025 at 3:00pm ET, AIMA’s Suzan Rose spoke with Kristin Boggiano, Partner at DLA Piper; Ben Forman, Managing Partner at ParaFi Capital; and Jeff Bandman, COO of 6529 Capital and former Regulatory Strategy Lead for Kalshi.

Topics of the webinar included:

• Prediction markets as an alternative data source and their role as a hedging tool
• Regulatory outlook at the federal and state levels
• Ambiguity in settlement terms and other operational risks
• Managing inside information and compliance risk

Speakers:

• Kristin Boggiano, Partner, DLA Piper
• Ben Forman, Managing Partner, ParaFi Capital
• Jeff Bandman, COO, 6529 Capital and former Regulatory Strategy Lead for Kalshi

Moderator:

• Suzan Rose, Senior Adviser, AIMA

For more information
Please contact Jen Thompson.