Polymarket lobbies EU to bring prediction markets under MiFID regulation

According to FT reports, Polymarket is conducting regulatory outreach across the UK and several EU countries, seeking to classify prediction market contracts as financial derivatives and bring them under financial regulatory frameworks such as MiFID, rather than subjecting them to gambling regulations. The company has already contacted the European Securities and Markets Authority, the European Commission, and the UK Financial Conduct Authority, and plans to apply for relevant European licenses.