European Lotteries calls for consistent European rules on prediction markets
European Lotteries called for coordinated rules for prediction markets in Europe, arguing that regulation should reflect each product’s legal and economic features and risks. The association said financial classification does not automatically exempt event contracts from national gambling laws and welcomed ESMA’s position that such contracts may also qualify as bets under those laws.
Operators may face different national gambling rules for event contracts, including those also classified as financial instruments.