John O’Connell Featured in InvestmentNews:Prediction markets are going mainstream — advisors need a clear answer ready
John O’Connell was recently featured in InvestmentNews to talk about how advisors should handle client questions about prediction markets like Kalshi and Polymarket. John says that event contracts can be a legitimate investment thesis, but only when sized for their unusual risk profile: the loss is capped at the position size and resolves on a fixed date to one dollar or zero, unlike the gradual repricing clients are used to. Regulation ensures fair execution and disclosures, but it doesn’t change the fact that an event contract settles all-or-nothing, making the right comparison an uncovered option, not an equity or ETF. Size for that, he says, and the conversation stops being about legitimacy and starts being about structure.
