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ESMA Says EU Retail Ban Covers Many Prediction Markets, With MiCA Awaiting the Tokenized Ones

Europe’s top securities regulator has clarified that many prediction-market event contracts already fall under the EU’s existing retail ban on binary options – meaning the restriction is live law, not a proposed rule – while contracts issued as blockchain tokens may instead be caught by the bloc’s crypto framework. The statement leaves platforms such as…

ESMA Says the EU Retail Ban Already Covers Many Prediction-Market Contracts, With MiCA Awaiting the Tokenized OnesEurope’s top securities regulator has clarified that many prediction-market event contracts already fall under the EU’s existing retail ban on binary options – meaning the restriction is live law, not a proposed rule – while contracts issued as blockchain tokens may instead be caught by the bloc’s crypto framework. The statement leaves platforms such as […]

Source: https://news.bitcoin.com/esma-says-eu-retail-ban-covers-many-prediction-markets-with-mica-awaiting-the-tokenized-ones/