ASIC News & Prediction Market Coverage
Track the latest ASIC news across prediction markets. Prediction News is following 2 active ASIC stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
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Frequently Asked Questions
What is ASIC's position on prediction markets?
ASIC Chair Sarah Court stated that prediction markets for retail clients are not in the public interest, citing their speculative, all-or-nothing features similar to banned binary options.
Has ASIC received any prediction market license applications?
No prediction market operator has applied for an Australian financial services license as of late October 2026.
Are prediction markets legal in Australia?
Unlicensed prediction markets are not authorized under financial services rules; ASIC indicates they are likely to be treated under gambling regulations, and retail access is not viewed as in the public interest.
Who is the current chair of ASIC?
Sarah Court, who commenced as chair on June 1, 2026.
Does ASIC regulate offshore prediction markets like Polymarket?
Australians accessing offshore platforms do so without Australian law protections; ASIC has warned consumers via Moneysmart and noted prior blocks under gambling laws.
How does ASIC compare prediction markets to binary options?
Both involve highly speculative, all-or-nothing outcomes unrelated to investment, leading ASIC to question their suitability as financial products for retail clients.