Robinhood's Dan Gallagher is not willing to be part of the race to replace Gensler
Gallagher was the favorite of betting markets. As reported by U.Today, he had a 61% of becoming the next SEC head, according to bettors on Kalshi. However, his nomination chances sharply dwindled.
Now, Paul Atkins, CEO of Patomak Global Partners, has emerged as the next clear frontrunner. He now has roughly a 60% chance of becoming the next SEC boss, according to Kalshi users. On Thursday, Fox Business reporter Charles Gasparino revealed that Atkins was"in the led position" to spearhead the agency, citing an anonymous source familiar with the matter. Former SEC official John Reed Stark recently opined that Atkins would be"an amazing choice.
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