🟢 [E2055] Point72 and Balyasny banning staff from prediction markets explicitly on insider trading grounds. BETS OFF Act would bar betting on government/military operations. Large hedge funds de-risking ahead of tougher compliance backdrop. If Democrats take House in November, could be part of wider investigations cycle. Steve Cohen leading retreat notable given SAC history. Investment angles: compliance/surveillance/e-discovery vendors, JOE as red-state migration trade if political polarization drives blue-to-red relocation.