Polymarket pushes for MiFID status as Europe weighs prediction market rules
6 Articles
6 Articles
Polymarket pushes for MiFID status as Europe weighs prediction market rules
Polymarket has stepped up talks with European and UK regulators as the prediction market platform seeks financial services oversight for its contracts instead of being regulated primarily under national gambling laws. According to the Financial Times, the New York based…
Polymarket is lobbying the EU and Britain to recognize it as a financial company rather than a gambling company
Polymarket is lobbying the EU and Britain to recognize it as a financial company rather than a gambling company. This was reported by the FT newspaper, citing sources.The company is holding meetings with "some regulators of individual countries, as it...
According to ChainCatcher, citing the Financial Times, prediction market platform Polymarket is lobbying regulators in the UK, Brussels, and several EU countries to have its prediction market contracts classified as financial derivatives and included in financial services rules such as MiFID, rather than continuing to be subject to individual gambling regulations. The company has contacted ESMA, the European Commission, and the UK's FCA, seeking…
Coincu
Cryptocurrency News | Cryptocurrency Prices | Market CapPolymarket Lobbies Europe for MiFID Prediction Market Rules
Polymarket is lobbying European policymakers to place prediction markets within the scope of the Markets in Financial Instruments Directive, according to reports, a move that would bring the sector under a regulatory framework designed for financial instruments and trading venues across the EU.Read more...
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
