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Australia's ASIC says a retail prediction market is unlikely to pass its public interest test for a market licence
- Australia's ASIC says a retail prediction market is unlikely to pass its public interest test for a market licence — The Australian Securities and Investments Commission said on October 30 that it is not currently convinced prediction markets for retail clients are in the public interest, with Chair Sarah Court noting the contracts share their all-or-nothing structure with binary options, which ASIC has banned for retail clients until October 2031. No prediction market operator has applied for an Australian licence, and Polymarket has been blocked in Australia since August 2025. (iGaming Times)
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