As prediction markets grow in popularity and blur the lines between investing and betting, new challenges are emerging. The panel will cover regulatory and legal developments in the oversight of these platforms, potential for abuse including through insider trading, and the importance of robust protections for individuals participating in these markets.

Members of NASAA’s CRD/IARD Steering Committee and CRD/IARD Forms & Process Committee will be joined by the IAR CE Committee and Exams Advisory Committee to provide updates on state regulatory initiatives, the IAR CE and EVEP programs, NASAA’s qualification exams, and expungement. The panel will also highlight new developments in the Regulator Workspace.

A renewed focus on arbitration, private rights of action, and related regulatory developments is raising broad questions about how investors access remedies when issues arise. This session will examine how market dynamics and regulatory changes are shaping dispute resolution frameworks for investors and shareholders. Discussion topics will include challenges investors face in seeking recourse in the face of emerging products and markets, developments in shareholder rights, updates in securities class actions, and the implications for investor confidence in the capital markets

The Investor Education Forum brings together leaders in investor education to highlight efforts to better engage Gen Z and young investors, strengthen investor protection, and amplify clear, accessible messaging in an evolving information landscape.

Will the tokenization of securities remake capital markets and reshape regulation or will its impact be more modest? One thing is certain, this innovation raises significant questions for regulators, issuers, intermediaries, and investors alike. This session will explore how tokenization is evolving, implications for the capital markets and intermediaries, and consider emerging regulatory frameworks. Cross-border perspectives from the panelists will also highlight how oversight is progressing in jurisdictions outside the U.S. in the face of an increasingly interconnected digital market.

The Corporation Finance Section will discuss the new DPP Advisory Committee and an update on the status of state adoption of the NASAA Statement of Policy Regarding Real Estate Investment Trusts.  Other project group updates may be provided. Committee leadership will be available to answer questions and provide updates on efforts by Committee project groups and NASAA members to promote responsible capital formation while enhancing protections for retail investors.

The Enforcement Section will host an open forum to discuss developments, trends in state and provincial securities enforcement, including NASAA’s 2025/26 Enforcement Report, and highlight significant state enforcement work. The Enforcement Section’s discussion will address cutting-edge enforcement issues involving digital asset schemes, unregistered offerings, cybersecurity, and other emerging technologies and industry developments including prediction markets.