ESMA Reminds Firms of Binary Option Rules as Prediction Markets Grow

Key Facts ESMA has reminded firms of existing binary-option product intervention rules as prediction markets expand globally. Prediction market platforms including Polymarket and Kalshi have geo-blocked parts of the EU rather than seek full authorization. The reminder does not introduce new rules; it applies a measure that has existed in EU law since 2018. The […] This post first appeared in ESMA Reminds Firms of Binary Option Rules as Prediction Markets Grow