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ASIC says no to Australian prediction markets, likening them to bets
Australia's securities regulator ASIC has drawn a direct parallel between prediction markets and betting and is not currently convinced they should be allowed.
HighRisk Media Newsroom, , 1 min read · Читать по-русски
ASIC, Australia's securities regulator, said in a blog post published on Friday that it is not currently convinced prediction markets can be admitted in the country. According to the material, its chair, Sarah Court, pointed to the similarity between the products and betting.
In the wording quoted from the announcement, prediction market products have "all the features of a bet". The material notes that such services are gaining wider acceptance around the world, while Australia is taking a different path.
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