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Australia ASIC chair says no prediction market operator has applied for a licence and Polymarket is already blocked, Odaily reports
- Australia ASIC chair says no prediction market operator has applied for a licence and Polymarket is already blocked, Odaily reports — ASIC Chair Sarah Court told a parliamentary hearing on Thursday that no prediction market operator has applied for an Australian licence, that the platforms may face gambling rather than financial regulation, and that their all-or-nothing mechanism is similar to binary options, which Australia has banned. The communications regulator required internet providers to block Polymarket in August after classifying it as an illegal online gambling site. (Odaily)
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