Financial Instruments
1 articles tagged "Financial Instruments".
ESMA Designates Specific Prediction Market Contracts as Regulated Financial Instruments
The European Securities and Markets Authority (ESMA) has issued a warning, classifying certain prediction market contracts with binary outcomes and fixed payouts as restricted financial instruments under MiFID II, thereby prohibiting their sale to retail clients. This guidance refutes common operator assumptions and highlights a contrasting approach from Gibraltar, which is licensing such platforms.