Australia Casts Doubt on Retail Prediction Markets, Calls Them Bets

Aerial view of Sydney Opera House with surrounding skyline and Harbor Bridge.Australia’s corporate regulator cast doubt on the notion that prediction markets for retail clients are in the public interest, arguing the contracts have “all the features of a bet.” The statement stops short of a formal ban and came a day after ASIC Chair Sarah Court told senators that no prediction market operator has applied […]

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