🚨 ESMA dropping bombs on prediction markets
European regulators saying most prediction market contracts might already be ILLEGAL under their 2018 binary options ban for retail
This hits Polymarket-style platforms operating in EU hard. If you're trading event contracts in Europe, you might be breaking rules that have been on the books for 6 years
Regulatory clarity? More like regulatory ambush. They let this cook for years, now suddenly it's a problem
Watch how platforms respond. Either they geofence EU harder or lawyers start earning their retainers
European regulators saying most prediction market contracts might already be ILLEGAL under their 2018 binary options ban for retail
This hits Polymarket-style platforms operating in EU hard. If you're trading event contracts in Europe, you might be breaking rules that have been on the books for 6 years
Regulatory clarity? More like regulatory ambush. They let this cook for years, now suddenly it's a problem
Watch how platforms respond. Either they geofence EU harder or lawyers start earning their retainers