The UK Financial Conduct Authority has held talks with trading platforms as it considers easing restrictions that bar retail investors from accessing financial prediction markets.
Since 2019, the FCA has treated contracts tied to financial and some weather events as binary options, banning their sale to retail investors. The review comes as UK consumers increasingly use overseas platforms such as Kalshi and Polymarket.
Platforms seeking to offer a broad range of contracts in the UK would still face dual regulatory hurdles: FCA approval for financial contracts and Gambling Commission licensing for sports and political markets.
UK FCA Weighs Easing Retail Ban on Financial Prediction Markets
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