Nine European gambling authorities warn prediction markets over unlicensed operations
Authorities from Belgium, France, Germany, Italy, the Netherlands, Poland, Portugal, Spain and Switzerland issued a joint warning about unlicensed prediction markets, according to the statement. They cited risks including blocked funds, fraud involving insider information and financial volatility, and said they would work together during the World Cup period.
Operators and sports bodies face warnings to check local legality before entering prediction-market partnerships.