Futures Industry Association Expo 2026By Jessica Darmoni

The global derivatives industry gathered in Chicago last week for the Futures Industry Association (FIA) Expo conference, where it is clear that capital markets are undergoing a significant transformation.

What began with the emergence of distributed ledger technology (DLT) and cryptocurrencies has evolved into a new generation of financial markets. Today, innovation extends well beyond digital assets, with prediction markets, perpetual futures and even artificial intelligence (AI) compute emerging as new opportunities for market participants.

As these markets develop, they are attracting new participants, creating new products and challenging traditional approaches to trading, investing and risk management.

Recognizing this evolution, FIA introduced two educational tracks at this year’s conference. The Evolution of the Futures Markets track was designed for investors beginning their journey into derivatives, while the Prediction Markets track explored how market structure and product design differ from traditional futures contracts.

Prediction Markets: Turning Information Into Opportunity

Prediction markets allow participants to trade on the outcomes of real-world events.

During a discussion with FIA’s Global Head of Market Intelligence Will Acworth, independent prediction market trader Bethany Vodicka shared how she first became interested in the space around President Donald Trump’s re-election in 2024.

She observed that in the run-up to the elections, Kalshi priced Trump’s chances of winning at approximately 53%, while Polymarket had him at 47%. That difference seemed like a trading opportunity, and it sparked her interest in prediction markets.

Rather than simply wagering on an outcome, Vodicka explained that she focuses on opportunities for arbitrage across similar contracts with slightly different prices. In some cases, differences in how outcomes are defined are not fully priced into the market, creating opportunities for people who examine the fine print.

Vodicka does most of her trading in sports-related markets, but one of her recent interests has been entertainment-related trading, including the Country Music Awards scheduled to air on November 18.

The conversation also highlighted an important question facing the industry, which is how should these emerging markets be regulated?

During his opening remarks at the conference, FIA President Walt Lukken echoed the need for thoughtful market development and responsible innovation. He acknowledged the conference’s growing focus on emerging markets and emphasized that clear rules and strong market structures are essential to building trust.

“Market structure is relevant and rules need to be clear,” Lukken said. “If people don’t trust the markets, they are not going to come.”

One of the more interesting discussions centered on the economic purpose of prediction market contracts.

Traditional derivatives have long served as tools for managing financial risk. For example, a weather futures contract could help a business protect itself against the financial impact of a storm, potentially offering a more cost-effective alternative to traditional insurance.

But what happens when the contract is tied to something like Taylor Swift’s next tour date?

“When you get into specifics, for economic activity, it will look like a futures contract,” Lukken said. “For things that are not economic activity, will additional customer protections be needed?”

As prediction markets continue to expand into politics, entertainment, sports and other areas of everyday life, the industry will need to balance innovation with appropriate customer protections and regulatory clarity.

The Emergence of AI Compute as an Asset Class

The second day of the FIA conference turned its attention to another emerging opportunity in AI compute markets.
AI compute refers to the processing power, hardware and/or infrastructure required to develop and operate artificial intelligence models. As demand for AI accelerates, the cost and availability of this computing capacity are becoming increasingly important considerations for businesses.

Data centers, hyperscalers and neocloud providers are among the companies that could benefit from futures contracts and other derivatives designed to manage their exposure to AI compute prices.

FIA featured a panel of compute index providers, including Compute Desk, Silicon Data, Ornn and NativX. These companies are developing pricing benchmarks and partnering with traditional financial exchanges to bring AI compute derivatives into both listed and over-the-counter (OTC) markets.

While the panel reminded everyone that big numbers don’t mean a liquid market, the opportunity is big. According to Goldman Sachs, global investment in AI infrastructure is forecasted to exceed $1 trillion in 2026, with approximately $581 billion coming from the United States alone.

The scale of the opportunity was further illustrated by Andrawes Bahou, Chief Executive Officer of Compute Desk.

“To put things in perspective, there were about 5 hyperscalers trading physical compute about 5 years ago,” Bahou said. “That number has grown to about 500 companies with a proliferation of natural buyers, sellers, brokers and people in the market.”

As the market expands, companies will increasingly need tools to manage the financial risks associated with computing costs. This is where derivatives can play an important role.

Much like energy companies use futures contracts to manage exposure to fluctuating electricity and natural gas prices, businesses that depend on AI infrastructure could use derivatives to hedge against changes in compute pricing.

Education will be critical to making this market accessible. The panelists emphasized the importance of helping new market participants understand how these products work and, more importantly, how to use them to manage their business exposure.

Several index providers are already working with established exchange operators to develop new products. Silicon Data has partnered with CME Group, Ornn has partnered with ICE, and Compute Desk is working with Nodal Exchange and Architect Exchange Group.

Following the index providers’ discussion, representatives from the exchanges took the stage to explore how the broader AI compute ecosystem could transition into the futures markets. Greater price transparency, standardized benchmarks and more sophisticated risk management tools could help support the development of this emerging asset class.

Brett Harrison, Chief Executive Officer of Architect, also highlighted a unique challenge that AI compute markets may face, which is the pace of technological innovation.

“AI moves a lot faster than derivatives and it’s a possibility that the underlying instrument may be updated or replaced as the standard, before a listed futures contract can be launched,” he said.

This raises an important question for exchanges and market participants. How do you create standardized financial contracts around an industry where the underlying technology is constantly changing?

The Next Chapter of Capital Markets

The derivatives industry is evolving rapidly, with new technologies, new participants and entirely new asset classes reshaping the financial landscape.

Prediction markets are changing how people interact with information and trade on future outcomes. AI compute is creating demand for new financial products that can help businesses manage the costs of an increasingly essential resource. The continued development of digital assets and blockchain technology is providing the foundation for even more innovation.

For investors and market participants, these developments represent more than just new trading opportunities. They signal a broader shift in how financial markets are structured, how risk is managed and where the next generation of market opportunities may emerge.

One thing is certain that the future of capital markets will look very different from the past.

Maggie LoveBy Jessica Darmoni

“Women often have a real fear of messing up, not a fear of the technology itself, but the dread of having egg on our face,” says Maggie Love, Founder of SheFi and the recent winner of the 2026 Women in Web 3 Award at the Women in Tech North America Awards. “The truth is, no one is looking at who failed. Taking the shot is a valuable skill.”

Maggie Love has experienced failures and successes throughout her career. Armed with a journalism degree from Northwestern University, a business minor, and a sharp mind for integrated marketing, she had climbed the ranks at IBM Watson to become Chief of Staff for their financial services department. She was handling data plays, risk management technologies, and anti-money laundering procedures. Yet, sitting in high-level meetings, she watched a powerful male executive talk passionately about an emerging technology called blockchain, while others seemed disinterested.

“I was intrigued,” says Love, who went to the Barnes & Noble in Times Square looking for answers. “This was 2016 and at the time, there were no textbooks, only a single book called The Blockchain Revolution and a handful of Reddit threads.”

Determined to break into this new frontier, Love began networking on LinkedIn. Through a friend of a friend, she landed a coffee meeting with a contact from ConsenSys, a premier blockchain technology company.

“We met at Swallow Cafe in Brooklyn and I completely faked my way through the conversation but everything changed when I walked into their offices,” Love says. “Everyone was young, fresh, and wore whatever they wanted. I felt so embarrassed by my corporate costume. But the vibe was warm, welcoming, and liberating. Everyone was genuinely happy to be there. I knew I had to work there.”

Love joined ConsenSys in August 2017 on the strategic initiatives team, later co-founding Web3CLOUD, a decentralized infrastructure company, alongside Ethereum co-founder Joe Lubin. She learned the tech industry through trial by fire, navigating a fast-paced environment where she routinely watched male entrepreneurs boast about having three failed startups as a badge of honor.

“I realized failure was viewed as an attribute for them,” Love notes. “It proved they risked something. It taught me a massive lesson about how men and women think differently.”

A Date with SheFi

As the Decentralized Finance (DeFi) boom began to take shape, Love noticed a troubling trend. She surveyed her female counterparts at ConsenSys and realized none of them were participating in the early DeFi protocols. While anyone was allowed to join, only the men were entering the crypto raffles and experimenting on-chain.

“I kept asking myself, how can we help women de-emotionalize their relationship with money? How can we get them to adopt democratized resources and explore these new financial tools?”

The SheFi idea was born in 2019 and she launched in the middle of the 2020 lockdowns. It began as a mission to get women onto a single Zoom call to talk about financial alternatives during an unstable time. However, Love knew that information isn’t the same as education. True education requires experimentation. She structured her cohorts to connect new, complex crypto concepts to familiar frameworks, guiding women directly into on-chain interactions.

Her first cohort, affectionately called “A Date with SheFi,” got women actively swapping tokens and staking assets. Today, SheFi educates over 33,000 women across 76 chapters in cities spanning New York, Buenos Aires, Paris, Thailand, and the Philippines. The organization has hosted eight large-scale summits with up to 600 attendees, featuring 99.9% women on stage showcasing what they are building.

MomGPT

When her data center company went under in 2023, Love faced a choice. She could look for a comfortable full-time corporate job or bet on herself and go all in on SheFi. She chose herself. Today, her mission has expanded from DeFi to encompass the massive wave of Artificial Intelligence (AI).

Love firmly believes that both DeFi and AI are the ultimate tools for modern female agency.

“Everyone deserves the financial independence that only crypto can bring,” Love says. “True financial empowerment begins with understanding digital wallets and self-custody. Every woman should have a portion of money that is entirely hers, stored securely, and completely under her own control.”

Love also has advice for women who are “booked, busy, and constantly carrying a crushing mental load as the MomGPT” of their homes and workplaces.

“Delegate the grunt work to AI. What is a task that you don’t need to do? Give it to AI. Let an AI agent format your data, build a job board, or find a restaurant for happy hour. AI can give us our time back to spend with our kids, to travel, or to find the love of our life.”

Financial & Technological Sovereignty

Love’s journey from a journalism graduate to a global Web3 leader is proof that you do not need a traditional tech background to shape the future of technology. While Love learned by trial by fire, she heavily advocates for finding mentors. She attributes her success to a network of early supporters, from her husband, who acts as her informal advisor and ideation partner, to early corporate sponsors like Polygon, AAVE, Base, and Solana.

“I was really scared when I launched SheFi. I had no background to do this, but I bet on myself that I could figure it out. The joy has been entirely worth the scratches.”

Maggie Love proved that the tech world isn’t a locked room, it’s just hidden behind dense jargon and false barriers. Through SheFi, she is handing women the keys to their own financial and technological sovereignty, one wallet and one prompt at a time.

Why leaders can't afford to be conflict adverseMany of us do not enjoy conflict, but tensions are bound to arise in workplaces filled with differing personalities, perspectives, working styles, and priorities. Sooner or later, different vantage points will create friction and collide.

It might be simple. An inappropriate comment. A passive aggressive e-mail. A turf war between colleagues. A standstill disagreement between departments. An accumulating history of poor performance by a team member. But it can be challenging to confront.

Maybe your early experiences wired you to freeze, flee, or fawn. Many of us tend toward being conflict-avoidant. But as a leader, you can’t turn your gaze the other direction, sweep difficult conversations under the rug, or exit the room when things get uncomfortably heated.

Unresolved conflict compromises work culture and takes a costly toll on the bottom line for organizations. Since conflict in the workplace is inevitable, leaders must develop the relational skills of confronting issues and navigating disharmony—especially if facing it runs against the grain of your comfort zone.

Catalysts for Workplace Conflict

At its core, workplace conflict is often more structural than it is personal. According to 3×5 Leadership, five common reasons conflict arises in the workplace are:

  • Functional differences – Tensions arise from different functions with different purposes, priorities, and pressures.
  • Information asymmetry – Differing views clash when people don’t have the same information, or interpretation of it, at the same time.
  • Competing priorities and trade-offs – Tensions occur as different people seek to optimize for competing priorities or factors (efficiency vs thoroughness).
  • Interpersonal differences – People bring different triggers, communications styles, and interpretations of behavior which create relational conflict alongside process conflict.
  • Ambiguity and unclear expectations – When roles, responsibilities, or decisions are unclear, people create assumptions which often breed conflict.

Not all conflict sounds like a heated argument. Conflict can also look like water cooler conversations on the side, silent withholding in meetings, passive resistance, emotional reactivity, repeated misunderstandings, territory-guarding, or a tense atmosphere.

Why Leaders Avoid Conflict

In what has been called an epidemic of conflict-avoidance in the workplace, today’s leaders are more hesitant to confront conflict and have tough conversations than previous generations of leaders.

  • According to Bravely, 70% of workers avoid difficult conversations, a trend that is also growing among (especially Millennial and Generation Z) leaders.
  • A recent study revealed that nearly 50% of emerging leaders struggled with conflict management skills in the workplace.
  • Another study showed that only one-third of global leaders feel confident in their ability to manage conflict.

Conflict competency is one matter. But Conflict EQ asserts that what often inhibits leaders from addressing conflict, even when they know it needs addressing, are the competing pressures they experience.

The more relationship-oriented you are, the more you may experience discomfort and complexity in approaching conflict. So you hesitate. You hold out for more information. You wait and hope it washes over.

You might anticipate the possibilities of getting the difficult conversation wrong, facing intense negative reactions, losing approval, creating more tension, or causing unwanted consequences.

Many leaders care not only about resolving the conflict, but also about their relationships. Difficult conversations carry an emotional, cognitive, and relational load that gets in the way of taking action.

Why Negating Conflict Backfires On You

It can be tempting to try to maintain a guise of harmony. But holding tightly to a harmony-outlook when a problem is present is like waiting for the lid to blow off Pandora’s box instead of admitting there’s a box.

Avoiding conflict can provide short-term relief from discomfort: you set the issue aside to focus on other matters. At times, it can even be wise to pause, assess the situation, and hone your approach. Some conflicts do require space: but there’s a limit. While navigating conflict is not about speed, it is about working for resolution.

Habitual delay in tackling difficult conversations means the conflicts will fester, the issues will compound, and the collateral damage will spread—including the damage to your leadership.

The longer you wait, the bigger the problem grows, the greater the pressure to do something, and the harder it may become to address it. It starts as factual and specific but begins to feel more personally loaded as you hesitate.

An uncomfortable conversation today will not be easier in a couple months’ time. It will become more complicated, carry more emotional weight, and be more time-consuming, meanwhile your credibility has worn down.

Say a problem begins with one underperforming employee. But unattended, the issue expands to affect the entire team. The hidden cost of the conflict gets passed on. Others have to absorb and compensate for the discomfort you avoid.

It takes courage, judgment, and skills to intervene in the right moment, but not doing so creates wider, more significant issues and impacts the workplace on a broader scale. What you leave unattended says as much about your leadership as the things you attend to.

The Specific Leadership Costs of Avoiding Conflict

Leaders diminish leadership effectiveness and team effectiveness when they habitually avoid the discomfort of resolving conflict:

Erosion of Trust

A willingness to engage with difficult issues is an expectation of leadership. When it doesn’t happen, employees may lose respect, lower their standards, or feel like speaking up does not matter. Who is holding the anchor of accountability?

Team members are left to flounder about in uncertainty as a situation festers. Leaders may seek to avoid conflict to protect relationships, but instead may irreparably damage them.

Reduced Psychological Safety

When there’s an elephant hanging out in the room, and the leader is avoiding the risk of acknowledging it, how can the team feel safe to be honest, admit mistakes, challenge others, or take interpersonal risks?

Avoiding conflict communicates that difficult conversations are unwelcome. Members may begin to edit themselves, drop candor, become quiet, or be overly agreeable, meanwhile talking candidly in side conversations. New problems begin to take root.

Poor or Delayed Decision-Making

When a leader is uncomfortable with managing conflict, they may unintentionally convey that harmony is implicitly rewarded—but harmony for harmony’s sake doesn’t make for the best decisions. Productive disagreement is necessary for effective team dynamics.

A leader’s own discomfort with interpersonal conflict may incline her to harmony-rewarding behaviors that inhibit the emergence of debate, dissenting perspectives, probing questions, and counterarguments—resulting in compromised quality around decision-making.

Unclear Standards and Weakened Accountability

Accountability creates safety and sets clear expectations and standards. Avoiding conflict by not addressing problematic behaviors, dynamics, or decisions can create distance in connecting actions to repercussions. The longer it waits, the more lines begin to blur around what’s tolerated and what’s unacceptable.

Avoiding conflict makes it harder to convincingly draw boundaries: what goes unchecked becomes a new informal standard, implicitly endorsed by passivity. It can also lead to dissatisfaction amongst team members who feel held to a different expectation.

Performance and Morale Drops

Unresolved conflict sits heavily on team dynamics, and begins to strain interpersonal relationships, lower levels of engagement, and reduce team efficiencies and performance.

High-performing team members may be especially attuned to observing what leaders address and what they bypass, and may choose to leave environments littered with unresolved conflicts to find healthier dynamics where conflict is addressed and rewards are clearer.

Reduced Leadership Confidence

When people observe a leader ignoring problems and allowing issues to go unresolved, they begin to question how things are being handled. Perceived credibility around judgment and decision-making drops.

As unspoken tensions rise in the team, confidence in leadership falters, team interactions become messier, and the leader ends up carrying the added emotional labor being created by the avoidance.

“The Only Way Out is Through”

The real path to greater coherence in the workplace does not result from avoiding addressing conflict altogether, but by accepting it exists and addressing it directly and skillfully as and when it arises.

The moment you notice yourself negating the tough conversations, remind yourself that your leadership is ultimately as strong as your willingness to approach and manage conflict.

Conflict isn’t distraction from leadership: it’s your opportunity to rise up and create it.

By: Aimee Hansen is a long time writer and heart coach with theglasshammer.com. Her recent work includes “This Book is a Retreat” co-written with Marianne Richmond.

If you would like to work with Aimee or any of our coaches including Nicki Gilmour our head coach and founder, please click HERE for a free, exploratory call with Nicki who can match you with the right coach for you.