Patrick McHenry
Showing 1–2 of 2 transcripts.
- Milken Institute37 min
Prediction Markets: New Players, New Rules | Future of Finance 2026
Lydia Beyoud, Keli Callaghan, JB Mackenzie, Sean Patrick Maloney, Patrick McHenry
Panelists and regulators discussed the 300x growth of prediction markets as a mainstream tool replacing traditional polls, emphasizing the need for a unified federal framework under the CFTC to prevent a fragmented regulatory landscape. While addressing consumer protection and recent geopolitical contract controversies, the industry advocated for treating event contracts as financial products rather than gambling and supported legislation like Congressman Richie Torres' bill to ban insider trading by government officials. Future developments are projected to shift from binary betting toward AI-driven non-binary liquidity pools and global expansion, driven by technological convergence and a focus on hedging for small businesses rather than sports wagering.
- Milken Institute58 min
Fueling American Entrepreneurship
Steve Case, Patrick McHenry, Laura Roden, Peggy Wallace, Peter Williams, Sean Greene
The JOBS Act, passed with strong bipartisan support, modernizes 80-year-old securities laws to democratize capital access through crowdfunding and IPO on-ramps for startups outside traditional coastal hubs. While venture capital funding remains constrained by post-2008 market dynamics, the legislation aims to stimulate growth in underrepresented regions like Denver and Baltimore while addressing critical barriers such as immigration reform and IP protection. Industry experts predict this regulatory shift will catalyze a "second internet revolution" by connecting over 8 million accredited investors with high-potential companies in sectors ranging from software to life sciences.