EU moves to block retail investors from explosive boom of multibillion-dollar prediction markets
CoinDesk·
60-second summary
Regulators in the EU are moving to block retail investors from participating in multibillion-dollar prediction markets, citing concerns over their potential for explosive growth and associated risks. The region's regulators are focusing on a product's actual function as a derivative, rather than its commercial name or labeling, to assess compliance.
The region's regulators emphasized that a product's actual function as a derivative matters more than its commercial name or labeling when assessing compliance.