ESMA adds financial-law angle to prediction market crackdown
By Dan Whitaker, Casino News Editor
According to European Gaming, nine gambling regulators opened an enforcement case into prediction markets in June. On 3 July, ESMA issued a statement that, the report says, adds financial‑markets law as a second front to the existing crackdown on those markets.
European Gaming frames the sequence as two separate but related actions: the enforcement case by gambling regulators in June and ESMA’s 3 July statement bringing financial‑markets law into play. The report presents the developments as a multi‑front approach to regulating prediction markets, with both gambling and financial rules now in focus.
Player angle: Players should care because regulators are pursuing prediction markets under both gambling and financial‑markets law, increasing regulatory scrutiny. Our real money casinos guide has the up-to-date picture.
Reported by European Gaming.