ESMA warns many prediction market event contracts already face EU retail ban
CoinTelegraph·
60-second summary
The European Securities and Markets Authority (ESMA) warns that many prediction market event contracts are already subject to the EU retail ban, as companies attempt to circumvent financial rules by marketing binary-style products as event contracts rather than derivatives, sparking concerns over regulatory arbitrage and potential investor harm in the European market.
The European regulator said companies cannot circumvent EU financial rules by marketing binary-style products as event contracts rather than derivatives.