Polymarket pushes for MiFID status as Europe weighs prediction market rules

cryptonews

Sep 22

Polymarket has stepped up talks with European and UK regulators as the prediction market platform seeks financial services oversight for its contracts instead of being regulated primarily under ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPolymarket pushes for MiFID status as Europe weighs prediction market rules\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-22 14:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/polymarket-pushes-for-mifid-status-as-europe-weighs-prediction-market-rules/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Polymarket has stepped up talks with European and UK regulators as the prediction market platform seeks financial services oversight for its contracts instead of being regulated primarily under ...</p>\n\n<a href=\"https://crypto.news/polymarket-pushes-for-mifid-status-as-europe-weighs-prediction-market-rules/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EPV","symbol_name":"ProShares UltraShort MSCI Europe","start_time":0,"source_url":"https://crypto.news/polymarket-pushes-for-mifid-status-as-europe-weighs-prediction-market-rules/","article_id":"2669116014","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/polymarket-pushes-for-mifid-status-as-europe-weighs-prediction-market-rules/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2669116014","pubTimestamp":1790057823,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Polymarket has stepped up talks with European and UK regulators as the prediction market platform seeks financial services oversight for its contracts instead of being regulated primarily under national gambling laws.Polymarket is holding talks with regulators in the EU and UK as it seeks to have its prediction contracts regulated under financial services rules.The company is pursuing MiFID treatment in Europe while regulators in France, Germany, Italy and the UK continue to classify many prediction markets under gambling rules.ESMA has warned about insider trading risks in prediction markets, while the FCA continues to restrict retail access to binary options over concerns about speculation and consumer harm.Polymarket’s regulatory push comes as the company seeks new funding at a valuation above $20 billion and works to expand its international operations.“As we grow our presence and expand globally, we are committed to engaging early and openly with policymakers and regulators,” the ","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"EPV":"ProShares UltraShort MSCI Europe","FCA":"First Trust China AlphaDEX Fund"},"translate_title":"欧洲权衡预测市场规则，Polymarket 推动 MiFID 地位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EPV":0.9,"FCA":0.64},"content_text":"Polymarket has stepped up talks with European and UK regulators as the prediction market platform seeks financial services oversight for its contracts instead of being regulated primarily under national gambling laws.\n\n\nSummary\n\n\n\nPolymarket is holding talks with regulators in the EU and UK as it seeks to have its prediction contracts regulated under financial services rules.\nThe company is pursuing MiFID treatment in Europe while regulators in France, Germany, Italy and the UK continue to classify many prediction markets under gambling rules.\nESMA has warned about insider trading risks in prediction markets, while the FCA continues to restrict retail access to binary options over concerns about speculation and consumer harm.\nPolymarket’s regulatory push comes as the company seeks new funding at a valuation above $20 billion and works to expand its international operations.\n\n\n\nAccording to the Financial Times, the New York based company has held discussions with regulators in London, Brussels and several European Union jurisdictions as it works toward securing a European license. People familiar with the discussions said Polymarket wants its contracts treated more like derivatives under financial services rules.\nThe effort comes as the company pursues international expansion while raising capital at a valuation exceeding $20 billion. Polymarket has argued that supervision under financial markets rules would provide a more suitable framework for its products than the gambling regimes currently applied to prediction markets in several European countries.\nPolymarket seeks MiFID treatment for prediction markets\nPolymarket has been engaging with the European Securities and Markets Authority and the European Commission, according to people familiar with the matter. Discussions have extended to individual national regulators as the company examines possible licensing routes within Europe.\nESMA chair Verena Ross met two U.S. based members of Polymarket’s legal team in June, accompanied by a Paris based lawyer from A&O Shearman and a Brussels based lobbyist from Hanbury Strategy. Polymarket executives met UK Financial Conduct Authority chief executive Nikhil Rathi the following day.\nThe company is seeking to convince European authorities that its contracts can operate under the Markets in Financial Instruments Directive, or MiFID, which sets rules for investment firms and financial instruments across the EU.\nSuch a classification would not automatically give Polymarket unrestricted access to European retail customers. ESMA warned in July that some event based contracts could already qualify as financial instruments under MiFID II, meaning existing EU restrictions on binary options could apply when the products meet the relevant definition.\nPolymarket has continued discussions despite the regulatory hurdles.\n“As we grow our presence and expand globally, we are committed to engaging early and openly with policymakers and regulators,” the company said.\nAs part of the effort, Polymarket joined trade group Blockchain For Europe this month and has started discussions with other European industry organizations, according to a person familiar with the matter.\nEuropean regulators have treated Polymarket differently\nPolymarket’s push for financial regulation faces a fragmented European market where authorities have taken different approaches to event contracts.\nNational gambling regulators in countries including France, Germany and Italy have maintained that prediction markets require local gambling licenses. Retail access to many of the products remains restricted across Europe, although some users continue accessing overseas platforms through virtual private networks.\nFrance has already taken direct action against Polymarket. French authorities ordered internet providers to restrict access to the platform after treating it as an unauthorized gambling service.\nSimilar action followed elsewhere in Europe. In July, the Czech Ministry of Finance ordered internet service providers to block Polymarket after authorities classified the service as an unauthorized internet game. Czech regulators said the platform had to comply with the country’s gambling framework regardless of how its contracts were described.\nESMA has taken a separate approach by examining whether certain prediction contracts can fall within existing financial market legislation. Its July guidance said firms offering event based contracts must assess whether individual products qualify as financial instruments under MiFID II.\nThe distinction depends partly on the structure and underlying event of a contract. Prediction markets allow users to trade positions tied to outcomes across financial markets, sporting events, elections, economic decisions, entertainment awards and weather.\nESMA has remained cautious about loosening existing protections for retail investors. The regulator warned this month that prediction markets face risks involving insider trading, an issue that has drawn scrutiny as trading volumes and the range of available contracts have increased.\nUK rules split contracts between two regulators\nBritain presents another regulatory hurdle because oversight depends on what event determines a contract’s outcome.\nThe FCA considers prediction contracts linked to financial events and certain climate outcomes to fall within its regulatory perimeter. Political and sports markets, which account for significant activity across platforms such as Polymarket and Kalshi, would instead come under the Gambling Commission.\nBritain has prohibited the sale of binary options to retail consumers since 2019. The FCA has maintained that the products can be highly speculative, resemble gambling and expose consumers to significant potential losses.\nHowever, the regulator has recently discussed whether its treatment of retail financial prediction markets should change. As crypto.news previously reported, the FCA has held talks with trading platforms about potentially reopening access to certain financial prediction products for retail investors.\nNo formal rule change has been announced. As of September, the FCA had not published a consultation, proposed rule or implementation timetable that would allow Polymarket or another platform to offer financial event contracts broadly to British retail customers.\nGambling regulators have maintained a different position for contracts outside the FCA’s perimeter. Political and sports prediction markets would require the appropriate gambling authorization in the UK, creating separate regulatory routes depending on the event being traded.\nPolymarket valuation has climbed during regulatory push\nPolymarket’s European lobbying effort comes while the company seeks another major financing round.\nThe platform has been discussing approximately $1 billion in new funding at a valuation above $20 billion. A proposed round led by Donald Trump Jr. linked 1789 Capital would value Polymarket at $21 billion, with the investment firm planning to contribute roughly $300 million.\n1789 Capital had previously invested approximately $200 million in the company, while Intercontinental Exchange has emerged as another major backer. ICE, the parent of the New York Stock Exchange, invested $1 billion in Polymarket in October 2025 and disclosed another $600 million investment in March 2026.\nThe company has pursued regulated market access in the United States alongside those investments. Its U.S. operation runs through QCX, a Commodity Futures Trading Commission designated contract market acquired by Polymarket as part of its return to the American market.\nEuropean expansion remains subject to a different set of rules. Polymarket is seeking financial services treatment at the same time that national gambling authorities continue to require local licenses for many of its products, while existing EU and UK restrictions could limit retail access even when some contracts qualify as financial instruments.\nESMA and the FCA declined to comment on Polymarket’s latest regulatory discussions.\n\n\n\n\n\n                Read more:\n            \n\n                Anchorage Digital taps LayerZero for stablecoin rails","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}