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UK's FCA says it is "engaging" with prediction-market platforms as Kalshi and Polymarket line up UK entries

Executive director Simon Walls said at the watchdog's Oct 6 annual public meeting that the FCA is "interested in their plans for the UK" and weighing a relaxation of the…

FCA opens dialogue with prediction-market platforms

The UK’s Financial Conduct Authority is in contact with prediction-market platforms as Kalshi and Polymarket consider entering the UK, according to fnlondon.com.

Executive director Simon Walls discussed the regulator’s position at its Oct 6 annual public meeting. He said the FCA wanted to understand the platforms’ UK plans, the outlet reported.

Regulatory direction remains unclear

The report, published Oct 8, 2026 at 1:54 PM ET, also indicated that the watchdog was considering a relaxation of restrictions. However, the available summary cuts off before identifying what might be relaxed.

The material establishes regulatory dialogue, not a decision on market access. It provides no confirmed UK launch date for either Kalshi or Polymarket and no details of any proposed regulatory change.

What it means for prediction markets

  • Engagement is not approval: The FCA’s discussions do not establish that either platform has permission to launch in the UK.
  • The scope of any change remains unresolved: Without the missing detail, readers cannot determine which restrictions the FCA might reconsider.
  • Launch timing is unconfirmed: The available reporting offers no timetable for UK entry by Kalshi or Polymarket.
PredictionMarketsKalshiPolymarketFCA

Sources & attribution

  1. [1]Fnlondon (fnlondon.com)https://www.fnlondon.com/articles/fca-engaging-with-prediction-markets-as-polymarket-and-kalshi-mull-uk-entry-0a23856e

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