MiFID II News & Prediction Market Coverage
Track the latest MiFID II news across prediction markets. Prediction News is following 2 active MiFID II 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 MiFID II?
MiFID II is Directive 2014/65/EU, the EU framework governing investment services, trading venues, and financial instruments to promote transparency and investor protection.
Does MiFID II ban binary options for retail investors?
Yes. ESMA's 2018 product intervention decision, now implemented via national measures, prohibits the marketing, distribution, and sale of binary options to retail clients across the EU.
How does MiFID II apply to prediction markets and event contracts?
ESMA's July 3, 2026 statement states that event contracts with underlyings listed in MiFID II Annex I sections C(4)-(10) may qualify as financial instruments and, due to their binary payoff, fall under binary-options retail bans.
Can prediction markets offer products to EU retail clients under MiFID II?
Retail offerings are generally prohibited if the contracts qualify as binary options; platforms must either seek MiFID authorization for professional-client access or restrict to non-retail clients.
Which regulator oversees MiFID II for prediction markets?
The European Securities and Markets Authority (ESMA) issues guidance, while national competent authorities enforce product intervention measures on binary options.