Australia’s financial regulator said no prediction market operator holds a license in the country. ASIC warned that users face all-or-nothing losses, insider trading risks and limited avenues for recovering their money. The Australian Securities and Investments Commission (ASIC) has published new guidance on its Moneysmart consumer website, warning that no prediction market operator is licensed […] The post ASIC Warns Australians to Avoid Unlicensed Offshore Prediction Markets appeared first on Gambling Insider.
Source: Gambling Insider →