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Polymarket wants to be regulated as financial services business

hedgeweek

1 hour ago

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Prediction markets platform Polymarket is lobbying regulators in the UK and European Union to classify its contracts as financial products rather than gambling instruments, a move that could determine how widely it can expand across European markets, according to a report by the Financial Times.
The New York-based company has been holding discussions with regulators in London, Brussels and several EU member states as it seeks a regulatory framework based on financial-services rules rather than t...

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