🚨AUSTRALIA’S REGULATOR HAS RECEIVED ZERO PREDICTION MARKET APPLICATIONS
Australia’s financial regulator ASIC has confirmed that no prediction market operator has applied for a license to operate in the country.
ASIC Chair Sarah Court says any future applications will face strict scrutiny, with prediction markets raising concerns similar to binary options.
The regulator is particularly concerned about all-or-nothing payouts, market manipulation, and the potential misuse of confidential information.
Why it matters: Regulatory uncertainty could become a major hurdle for platforms like Polymarket and Kalshi seeking to expand into Australia.
Will strict regulation protect users or slow down prediction market innovation?
#asichasreceivednopredictionmarketapplications $BTC
Australia’s financial regulator ASIC has confirmed that no prediction market operator has applied for a license to operate in the country.
ASIC Chair Sarah Court says any future applications will face strict scrutiny, with prediction markets raising concerns similar to binary options.
The regulator is particularly concerned about all-or-nothing payouts, market manipulation, and the potential misuse of confidential information.
Why it matters: Regulatory uncertainty could become a major hurdle for platforms like Polymarket and Kalshi seeking to expand into Australia.
Will strict regulation protect users or slow down prediction market innovation?
#asichasreceivednopredictionmarketapplications $BTC
