ESMA warns many prediction market event contracts already face EU retail ban

The European regulator said companies cannot circumvent EU financial rules by marketing binary-style products as event contracts rather than derivatives.
Source: ESMA warns many prediction market event contracts already face EU retail ban (https://cointelegraph.com/news/esma-warns-many-prediction-market-contracts-may-be-prohibited-eu-retail-investors?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)