MiFID II
1 articles tagged "MiFID II".
ESMA Classifies Some Prediction Markets Under Financial Derivative Restrictions
The European Securities and Markets Authority (ESMA) has clarified that some prediction market products, especially binary yes-or-no contracts with fixed payouts, are considered restricted financial derivatives under MiFID II and subject to retail sales bans. This stance, addressing the growing sector for the first time, emphasizes consumer protection and has led to regulatory actions against several platforms across Europe.