Polymarket faces Australia’s binary options wall as ASIC signals strict scrutiny for any applicant
Photo: Cryptopolitan
Australia’s corporate regulator, the Australian Securities and Investments Commission (ASIC), has received no applications from prediction market operators. ASIC’s chair told a parliamentary hearing that any applications from prediction markets that do arrive will be judged like binary options, a product the country already bans through 2031. Why is Polymarket being compared to binary options? ...
Source: Cryptopolitan
