UK may lift prediction market ban; SoKor, Poland ‘crypto’ bill stall

Homepage > News > Finance > UK may lift prediction market ban; SoKor, Poland ‘crypto’ bill stall This past week saw regulatory movement and quagmire in equal measure across the globe, as the United Kingdom’s financial watchdog considers lifting a ban on prediction markets, while South Korea and Poland both face legislative standoffs. U.K. weighs ending prediction markets ban South Korea’s digital currency bill faces delays Poland remains stuck over digital currency rules UK considers lifting prediction markets ban The U.K.’s top financial sector watchdog, the Financial Conduct Authority (FCA), has reportedly held talks with trading platforms about relaxing a ban on prediction markets that has been in place since 2019. According to a September 4 report from The Times, the FCA is considering lifting its ban on prediction market platforms, such as the popular United States-based platforms Polymarket and Kalshi, for U.K.-based retail investors. Prediction market platforms are a multibillion-dollar industry that allows users to profit from predictions on almost any event, from elections and political movements to the more traditional gambling sphere of sports. In recent months,...