policy
ESMA Says Polymarket and Kalshi Lack EU Authorization, Questions Partial Geo-Blocks
The European Securities and Markets Authority (ESMA) has stated that major prediction platforms like Polymarket and Kalshi lack proper authorization to operate in the EU. The regulator also questioned why these platforms block some EU countries but not others, and noted that VPNs can easily bypass these restrictions. Additionally, ESMA warned that prediction markets are "rife with inside trading."
via The Block#esma#prediction-markets#polymarket
