Polymarket Lobbies EU to Bring Prediction Markets Under MiFID Rules
- —Polymarket seeks MiFID classification for European prediction markets
- —Prediction markets are currently treated inconsistently across the EU as gambling, derivatives or unregulated products
- —MiFID status would create a single compliance pathway and investor-protection regime bloc-wide
- —South Korean police previously traced Polymarket users in a $12.7 million betting case
Why it matters: A MiFID classification would give prediction markets a defined legal status in the EU and could open the sector to institutional liquidity.
Source: Coincu
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