Australia’s Financial Regulator Says No Prediction Market Has Applied for Local Operation

Australian financial regulators have confirmed that no prediction market operators have formally applied to launch services within the country, highlighting the absence of domestic oversight in this emerging sector.

The announcement underscores the regulatory gap surrounding prediction markets, which allow participants to wager on real-world events, and suggests authorities are not yet actively reviewing applications from such entities.

Meanwhile, the broader financial landscape continues to evolve rapidly, with key developments including a reported data breach at GMO, falling profits at Eightcap’s UK subsidiary, a capital relief measure introduced by Germany’s BaFin, and a notable increase in investor refunds across the UAE.

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