Polymarket Lobbies European Regulators

Prediction market platform Polymarket is engaging with regulators in the European Union and the United Kingdom to be classified as a financial services group. The company is seeking to have its contracts regulated under the Markets in Financial Instruments Directive (MiFID) rather than local gambling statutes.

Representatives have held meetings with the European Commission, the European Securities and Markets Authority, and the UK Financial Conduct Authority. The company is currently valued at more than $20 billion.