Prediction markets traders are confident the Securities and Exchange Commission will change its rules governing how often companies must report financial statements to shareholders, to semiannually from quarterly, following a formal proposal by regulators on Tuesday.

Opinion is more divided, however, as to when it will happen.

After the proposal was disclosed Tuesday, odds on the Kalshi prediction market that regulations will be eased by April 2027 surged to 73% from 46%.

Chances of faster approval, by next Jan. 1, initially jumped to 67%, fell to about 50-50 and recently stood at about 57% odds.

Approval by January 2027 would mark an unusually quick turnaround in the SEC’s rulemaking process.