Prediction markets prompt differing regulatory approaches across jurisdictions
An analysis by Greo Evidence Insights, a partner of IAGR, describes differing regulatory treatment of prediction markets across jurisdictions. It says US authorities generally treat them as financial products, while UK markets on politics, sport and entertainment are generally regulated as gambling; the analysis also notes enforcement actions by some US states and gambling regulators.
Operators may face different gambling or financial rules depending on how each jurisdiction classifies prediction-market contracts.