Australia's financial regulator, the Australian Securities and Investments Commission (ASIC), has confirmed that it has received no applications from prediction-market operators seeking approval to operate in Australia.
ASIC HAS RECEIVED ZERO PREDICTION MARKET APPLICATIONS — WHAT DOES THIS MEAN FOR CRYPTO?
A major regulatory development is putting Australia's prediction-market industry under the spotlight!
The Australian Securities and Investments Commission (ASIC) has confirmed that it has not received a single application from a prediction-market operator seeking approval to operate in Australia.
This update was delivered by ASIC Chair Sarah Court during a parliamentary hearing on October 29, 2026.
What is your opinion about Australia's cautious approach to prediction markets?
A) Regulation is necessary to protect users.
B) Clear licensing rules could encourage innovation.
C) Strict restrictions may push activity offshore.
D) Prediction markets need a completely different regulatory framework.
$TSMB $AMZNB $PEPE
#asichasreceivednopredictionmarketapplications
ASIC HAS RECEIVED ZERO PREDICTION MARKET APPLICATIONS — WHAT DOES THIS MEAN FOR CRYPTO?
A major regulatory development is putting Australia's prediction-market industry under the spotlight!
The Australian Securities and Investments Commission (ASIC) has confirmed that it has not received a single application from a prediction-market operator seeking approval to operate in Australia.
This update was delivered by ASIC Chair Sarah Court during a parliamentary hearing on October 29, 2026.
What is your opinion about Australia's cautious approach to prediction markets?
A) Regulation is necessary to protect users.
B) Clear licensing rules could encourage innovation.
C) Strict restrictions may push activity offshore.
D) Prediction markets need a completely different regulatory framework.
$TSMB $AMZNB $PEPE
#asichasreceivednopredictionmarketapplications
