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ASIC warns Australian prediction markets have features of betting

Regulation

Australia’s Australian Securities and Investments Commission warned that event-contract traders lack legal protection under Australian law. It argued that offering such contracts to retail consumers is not in the public interest.

The warning signals regulatory concern for firms offering event contracts to Australian retail consumers.

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Regulation

DOCV director disputes GGL estimate of Germany’s illegal online gambling market

DOCV director Julia Lensing disputed the GGL’s estimate that illegal online gambling accounted for 22.97% of Germany’s market in 2024. Lensing cited an unpublished research update that she said put illegal operators’ share of online playing time at 57% in 2025; the findings could not be independently checked. She also called for changes to gambling rules and more market data from the GGL.

The GGL estimated the share of the illegal online gambling market in Germany for 2024 at 22.97%. Lensing, director of DOCV, said that this percentage does not give a good picture of the size of the illegal market. She referred to several studies in an interview.

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