The rise of prediction markets, sponsored by Tarek Mansour's Kalshi and Shayne Coplan's Polymarket, has led Wall Street to focus on the high-flying prediction markets. The conference in Florida saw hundreds of top trading executives, lawyers, and regulators focusing on these markets. However, some have reservations about the proliferation of bets on politics, sports, and culture. CME Group CEO Terry Duffy expressed concern that too many people are getting involved in these markets without having the means to. The spectacle also highlighted the nascent nature of these markets, raising questions about their regulatory treatment and their revolutionary potential. The rise of these platforms has caught many off guard, with concerns about the legality of insider trading and whether institutional investors will actually want to trade trade.