European Lotteries has called for a coherent regulatory framework that applies existing rules to emerging prediction market products, following a webinar on 14 October with almost 300 registrants. ADM director of controls Luca Turchi took part alongside experts from France and the US. The association set out four principles, including classifying products by their actual characteristics and risks and preserving national gambling competences.
European Lotteries has called for a coherent regulatory framework that would apply existing rules to emerging prediction market products and prevent regulatory gaps, the association said. The position was set out in a September position paper and discussed at a webinar the association organised on 14 October, which drew almost 300 registrants from Europe and other countries, according to the association.