ASIC is questioning whether retail prediction markets serve the public interest. The supplied text says the commission banned the distribution of binary option products to retail customers in 2021.
ASIC’s public-interest concerns and past binary-option ban may affect how retail prediction markets are treated in Australia.
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Jamma examined whether restrictions on prediction market betting should also prevent users from viewing platform information, citing Polymarket’s case in Europe. The report noted that blocking an entire domain also restricts access beyond trading functions.
Italy's ADM re-listed polymarket.com among the gambling sites to be blocked on 10 July 2026, with internet providers due to enforce the block from 27 July, according to the regulator's order. The order covers the domain and redirects visitors to an ADM page stating that the platform lacks the authorisations required to collect gambling in Italy. Polymarket challenged the measure before the Lazio regional administrative court (TAR Lazio), but its attempt to obtain an immediate suspension did not initially stop the block.
The chairman of Nevada's gaming regulator was among industry figures who warned about casino-style prediction markets at the NCLGS Summer Meeting in July. Prediction markets have expanded rapidly into products functionally similar to sports betting over the past 18 months.
The European Securities and Markets Authority said some fixed-payout, yes-or-no event contracts may fall under EU restrictions on marketing and selling binary options to retail customers. It said contracts linked to assets covered by MiFID II must be treated as financial derivatives, while some other event contracts may fall under gambling rules or the forthcoming MiCA framework.
Maryland’s Lottery and Gaming Control Agency reportedly sent the CFTC a letter urging a ban on sports event contracts, using wording from a template the American Gaming Association allegedly supplied. The agency said it reached its position independently; the Coalition for Prediction Markets’ chief executive questioned its impartiality.
A report examines whether prediction-market platforms such as Polymarket and Kalshi could conflict with Italian laws. It compares their event-based contracts with binary options and says Kalshi operates under US Commodity Futures Trading Commission supervision, while the article text ends before its discussion of the Italian legal position is complete.