Polymarket and Kalshi Explore UK Entry Under FCA Scrutiny
- —FCA confirmed talks with prediction market operators, but no authorization has been granted
- —Britain's ban on retail binary options has been in force since April 2, 2019
- —The FCA estimated the ban could save retail clients up to GBP 17 million a year
- —Sports and election contracts fall under the Gambling Commission, not the FCA
Why it matters: Polymarket's and Kalshi's UK entry hinges on contract structure and two separate regulators, not just the platforms' willingness to launch.
Source: DiarioBitcoin