Australia’s financial regulator said no prediction market operator holds a license in the country. ASIC warned that users face all-or-nothing losses, insider trading risks and limited avenues for recovering their money. …
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REG CLIMATELatest regulatory signal: ASIC Warns Australians to Avoid Unlicensed Offshore Prediction Markets
News & Regulation
8Australia is reminding the public that prediction markets are not licensed as financial exchanges and that those who utilize such global trading platforms should expect to lose money. The Australian Securities and Invest…
A former professional rugby player whose career was derailed by a severe gambling addiction is shedding light on the alleged predatory practices of betting firms in Australia. During his testimony at the Australian Senat…
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