Legal (Market Contracts)

Overview

A financial exchange platform has launched the first regulated market allowing individuals to trade on the anticipated outcomes of various events. The organization is seeking a Legal Associate (Market Contracts) to help design, draft, and safeguard the contracts that govern these markets. This role involves owning the legal frameworks that support trading activities, including rulebooks, market terms, clearing agreements, and regulatory filings.

Responsibilities

• Draft, review, and refine contracts governing market operations such as event contract specifications, trading terms, clearing documentation, and participant agreements.
• Collaborate with Product and Risk teams to ensure market structures meet business objectives and regulatory standards.
• Develop standardized templates and rulebooks to streamline the launch and maintenance of new markets.
• Ensure all market contracts comply with Commodity Futures Trading Commission (CFTC) regulations and other applicable laws.
• Work closely with compliance teams to incorporate rule changes, disclosure requirements, and governance standards into contracts.
• Monitor regulatory developments affecting event contracts and derivatives markets.
• Partner with Growth and Partnerships teams on agreements with institutional traders, liquidity providers, and vendors.
• Translate complex regulatory and legal concepts into clear guidance for non-legal stakeholders.
• Act as a business-minded partner during negotiations, balancing legal precision with market growth.
• Develop scalable systems for contract lifecycle management, including drafting, negotiation, and archiving.
• Identify opportunities for automation and streamlined review processes across market and trading agreements.
• Support broader legal operations including governance, risk management, and reporting.

Qualifications

• Juris Doctor (J.D.) degree and admission to practice law in at least one U.S. jurisdiction.
• 2 to 4+ years of legal experience, preferably either:
  • At a mid- or large-sized law firm practicing commercial law, or
  • In legal practice related to financial markets and/or regulatory affairs.
• Experience in the prediction market industry is especially encouraged.
• Strong foundation in drafting and negotiating contracts related to markets, trading, or financial products.
• Familiarity with CFTC regulations and the legal framework for event contracts, derivatives, or exchange-traded products.
• Detail-oriented, pragmatic, and comfortable working in a fast-paced environment where law, markets, and innovation intersect.

Compensation & Benefits

• Salary range: $100,000 to $250,000 annually, plus equity and benefits.
• Salary range reflects current market data and expected compensation for this role.
• The organization has minimal hierarchy and broad experience levels within roles.
• Candidates with compensation expectations exceeding this range are encouraged to discuss further.

Location

• Position based in New York City.

Equal Opportunity

The organization is committed to creating a culture of inclusion and belonging and is an equal opportunity employer. All qualified applicants will receive equal consideration for employment without regard to race, color, creed, religion, sex, gender identity, sexual orientation, national origin, disability, uniform service, veteran status, age, or any other protected characteristic under federal, state, or local law.