Regulation· ★★★· neutral· September 23, 11:07

Polymarket pushes into Europe, seeking financial license rather than gambling status

—Polymarket met ESMA chair Verena Ross and FCA chief Nikhil Rathi
—The company joined Brussels-based lobby group Blockchain For Europe
—A new funding round could value Polymarket above $20 billion
—The FCA maintains its ban on binary options over consumer risk

Why it matters: Classifying Polymarket's contracts as derivatives would open prediction markets to EU retail investors and set a precedent for the sector.

Source: Newsbit