ASIC Warns Australians Prediction Markets Are Highly Speculative and Lack Legal Protection

Newsflash · 2026/11/02 08:14

Techub News reports that the Australian Securities and Investments Commission (ASIC) stated that it is not currently convinced that prediction markets aimed at retail customers serve the public interest; it warned that Australians participating in prediction markets through offshore platforms are not afforded legal protection. (Finextra)

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ASIC Warns Australians Prediction Markets Are Highly Speculative and Lack Legal Protection

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