Polymarket reportedly lobbies European regulators over prediction-market classification
Polymarket has reportedly held discussions with regulators in London and Brussels to argue that its event contracts should be treated as financial products rather than gambling. The discussions reportedly include the UK Financial Conduct Authority and the European Securities and Markets Authority, as the company seeks a regulatory route into European jurisdictions where it has faced resistance.
The classification sought by Polymarket could affect whether its event contracts fall under gambling or financial regulation in Europe.