Polymarket bank-failure bets draw scrutiny from UK lawmakers
- —Roughly $77,500 bet on Polymarket on major bank failures by year-end
- —Contracts cover HSBC, Lloyds, JPMorgan and BNP Paribas
- —Lawmaker Bobby Dean wants UK regulators to engage US counterparts
- —FCA says it is already in contact with international regulators
Why it matters: Regulatory pressure on prediction markets is mounting: after EU restrictions, UK action could further curb Polymarket's volumes.
Source: Cointribune