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Australia's ASIC says prediction markets are not currently in the public interest for retail clients
- Australia's ASIC says prediction markets are not currently in the public interest for retail clients — The Australian Securities and Investments Commission said on Friday it is not currently convinced prediction markets for retail clients are in the public interest, warning the contracts share features with prohibited binary options and that Australians using offshore platforms lack local legal protections. No prediction market platform is licensed in Australia, and Polymarket is already on the ACMA blocked gambling sites list. (Complete iGaming)
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