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Dan Gallagher, Robinhood’s Chief Legal Officer, has withdrawn from consideration for the U.S. Securities and Exchange Commission (SEC) chair position. Once regarded as the top contender to replace Gary Gensler, Gallagher’s decision has redirected attention to other potential nominees, generating significant discussion in financial and cryptocurrency sectors.
Betting Odds Shift Toward Paul Atkins
Gallagher previously led betting markets, with Kalshi placing his chances at 61%. However, his odds declined rapidly, leaving the field open for other candidates.
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Now, Paul Atkins, CEO of Patomak Global Partners and a former SEC commissioner, leads the race. Markets have adjusted to reflect a 60% probability of Atkins taking the role, underscoring the rapid shift in expectations.
Atkins Gains Favor as a Reformist
Atkins i…
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