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Polymarket bank-failure bets draw UK scrutiny over market integrity risks
- Polymarket bank-failure bets draw UK scrutiny over market integrity risks — Bets on Polymarket's offshore platform on whether major global banks will fail have drawn scrutiny in the United Kingdom, where the Financial Conduct Authority has said the financial prediction products it examined function similarly to binary options, banned for British retail consumers since 2019. The FCA is discussing prediction markets with overseas regulators and the Bank of England is also monitoring developments. (Casino.org)
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