The IIA Urges Enhanced Governance and Oversight for Prediction Markets
The Institute of Internal Auditors (The IIA) has called for stronger governance, internal controls, and independent audit requirements in prediction markets to mitigate risks such as insider trading and market manipulation. The IIA submitted letters to the CFTC and Congress, emphasizing the need for regulatory frameworks aligned with financial market standards. The recommendations aim to ensure public trust and effective oversight of these emerging platforms.
Topics: financial markets governance internal audit prediction markets regulatory oversight