Europe's financial regulator says event contracts on crypto platforms may be caught by existing binary-options bans, MiCA, or gambling laws.
Europe's top financial regulator, ESMA, has raised questions about whether Polymarket and Kalshi can operate in the EU, warning that authorization gaps could block both platforms.
ESMA stated that event contracts offered by the two platforms may fall under existing EU binary-options bans, crypto-asset frameworks such as MiCA, or national gambling laws.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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