Financial regulationDEVELOPING
UK urged to act over Polymarket bets on HSBC and Lloyds failure
UK authorities are being urged to intervene after Polymarket accepted $77,507 in positions on whether HSBC, Lloyds and other major banks will fail by year-end. The Financial Conduct Authority said it was discussing prediction markets with international regulators.
- Polymarket accepted $77,507 in positions on whether HSBC, Lloyds and other banks will fail by year-end.
- The FCA said it was discussing prediction markets with international regulators.
1 sources50% confidence
