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Today PTG submitted a letter to the Commodity Futures Trading Commission in response to the CFTC’s Advance Notice of Proposed Rulemaking on prediction markets. PTG’s letter supports a regulatory framework that protects market integrity while preserving the conditions needed for deep, competitive liquidity on U.S. venues, emphasizing that prediction markets can improve information aggregation, price discovery, and risk transfer when there is fair access to event-relevant information, neutral exchange governance, and clear settlement and dispute resolution processes.

In a letter filed with the Securities and Exchange Commission (SEC) today, PTG submitted comments on MEMX LLC’s application for temporary exemptive relief from aspects of Rule 610(c) of Regulation NMS. While PTG does not endorse every part of MEMX’s application, it supports the general request to extend certain compliance dates.

In a letter filed with the Securities and Exchange Commission (SEC) today, PTG commends the SEC for suspending and instituting proceedings on Cboe’s proposed Rule 8.23, which is intended to clarify what constitutes prohibited order and quote activity; but expresses concern that the proposal, as drafted, fails to achieve that goal.

In a letter filed with the Securities and Exchange Commission (SEC) today, PTG expressed support for the OCC’s proposed changes to its Clearing Fund allocation methodology.

PTG encourages Cboe to withdraw the Proposal for immediate effectiveness and instead file the rule change with the Commission subject to public notice and comment. To the extent Cboe declines to withdraw the proposed rule change, PTG encourages the Securities and Exchange Commission (SEC) to abrogate it.

Exchanges are considering upgrading from 10G to 25G client connectivity, citing capacity concerns, aging infrastructure, and hardware providers diverting resources away from lower bandwidth offerings. Migrating from 10G to 25G represents a material change to market infrastructure, and introduces cost, complexity, and risk across the ecosystem. As such, the migration warrants transparency, coordinated planning, rule filings subject to notice-and-comment, and broad industry alignment before proceeding. Most importantly, any migration should proceed only after production-grade 25G equipment is widely available and proven.