FCA reviews rules affecting UK access to financial prediction markets
The UK Financial Conduct Authority is reviewing the rules that apply to prediction markets, including the 2019 retail ban on binary options, according to a report. The FCA has reportedly spoken with sector participants, but the review does not mean Kalshi or Polymarket have been authorised. Sports and political event markets would also fall under Gambling Commission oversight and require relevant gambling permissions.
Operators considering financial and sports or political markets may need to meet separate FCA and Gambling Commission requirements.