Australian securities regulator rejects prediction markets as betting products
ASIC drew explicit parallels between prediction market contracts and gambling, bucking global acceptance of the products.
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- IgamingbusinessASIC questions whether retail prediction markets serve the public interest
- SBC News“All the features of a bet” – ASIC says no to Australian prediction markets
- iGamingToday.comASIC Comes For Prediction Markets Again, Questions Public Benefit
- Bloomberg Law NewsPrediction Markets Encounter Another Regulator as SEC Joins Fray
- BeinsureUK urged to act over prediction market Polymarket bets on HSBC and Lloyds failure
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- The GuardianUS-based prediction markets taking bets on Australian elections and Albanese’s word choices
- The Korea TimesKorea moves to block Polymarket over illegal gambling
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- MSNPolymarket faces Australia’s binary options wall as ASIC signals strict scrutiny for any applicant