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ASIC scrutinizes retail prediction markets in Australia, citing public interest and market integrity risks, GCAuthority reports
- ASIC scrutinizes retail prediction markets in Australia, citing public interest and market integrity risks, GCAuthority reports — Australia's ASIC said on November 5 that many retail prediction market contracts carry all the features of a bet and present elevated risks to market integrity, noting zero operators hold an Australian financial market licence as of August 3, 2026. Kalshi classifies Australia as a restricted jurisdiction and ACMA has blocked Polymarket as a prohibited interactive gambling service. (GCAuthority)
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