ac6d433696
- Source: inbox/queue/2026-05-07-clearygottlieb-sec-security-based-swaps-company-specific-event-contracts.md - Domain: internet-finance - Claims: 1, Entities: 1 - Enrichments: 2 - Extracted by: pipeline ingest (OpenRouter anthropic/claude-sonnet-4.5) Pentagon-Agent: Rio <PIPELINE>
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1 KiB
Markdown
17 lines
No EOL
1 KiB
Markdown
# Cleary Gottlieb
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**Type:** Law firm
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**Focus:** Securities law, derivatives regulation
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**Relevance:** Premier securities law firm providing regulatory analysis of prediction markets
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## Overview
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Cleary Gottlieb is one of the premier securities law firms. Their March 2026 analysis of prediction market regulation identified the SEC security-based swap track as potentially relevant to company-specific event contracts, providing the first external practitioner analysis with statutory citation of the three-part test under 15 U.S.C. § 78c(a)(68).
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## Timeline
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- **2026-03-01** — Published comprehensive analysis of prediction market regulatory landscape including SEC jurisdiction over company-specific event contracts as security-based swaps
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## Significance
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Their identification of the SEC track without any blockchain/DAO analysis confirms the governance market gap extends to SEC-focused practitioners, not just CFTC-focused ones. The analysis is aimed at traditional corporate actors and contains no treatment of DAO governance markets or futarchy mechanisms. |