FCA approaches trading platforms over possible UK prediction market ban changes
By SectorWire desk ·
Summary
The FCA has contacted trading platforms about potentially relaxing the UK’s prediction market ban, citing The Times. The regulator introduced the binary options prohibition in 2019 over consumer risks. Removing that restriction would still leave platforms needing gambling licences to offer markets on political outcomes.
Why it matters
Platforms would still need gambling licences for political outcome markets if the FCA relaxes its prediction market restriction.