Prediction Markets Still Count as Binary OptionsThe European Securities and Markets Authority (ESMA) said on 3 July that products marketed as “event contracts” may still fall under the EU’s ban on binary options for retail clients, regardless of how they are branded. The statement was directed at b…
Prediction markets crossed another milestone in June, surpassing $50 billion in monthly trading volume for the first time.The same week, European regulators initiated a new coordinated response to the sector, DraftKings completed the launch of its own exchange, and Cboe proposed bringing prediction…
Belgian authorities have arrested a 19-year-old suspected of playing a leading role in a European phishing and money-laundering network that allegedly stole more than €500,000 from victims through online scams.The case reflects a rise in phishing and impersonation scams across the financial sector…
