UK financial watchdog weighs lifting prediction markets ban: Report
60-second summary
The UK Financial Conduct Authority is reviewing its 2019 ban on binary‑options and prediction‑market products, considering a possible lift that could allow firms to market and sell to retail investors again; the regulator cites evolving market dynamics and consumer demand. If approved, the change may revive a dormant sector, boost trading volumes and prompt tighter compliance oversight across the industry.
Companies offering binary options for retail investors have been barred from selling, marketing and distributing products in the UK since 2019 following a directive from the FCA.