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Australia regulator ASIC says prediction markets are highly speculative and not currently in the public interest for retail clients, Investor Daily reports
- Australia regulator ASIC says prediction markets are highly speculative and not currently in the public interest for retail clients, Investor Daily reports — ASIC chair Sarah Court said the regulator is not currently convinced prediction markets for retail clients are in the public interest, warning of market integrity, manipulation and outcome-dispute risks. No prediction market operator is authorised in Australia, and ASIC said the contracts share features with binary options, which are banned for retail clients until October 2031. (Investor Daily)
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