# Australia Casts Doubt on Retail Prediction Markets, Calls Them Bets

- Source: Bitcoin News
- Published: 2026-10-31T05:05:39+00:00
- Category: Markets
- Original: https://news.bitcoin.com/igaming/australia-casts-doubt-retail-prediction-markets-calls-them-bets/
- Canonical: https://groundlevelnews.com/story/australia-casts-doubt-on-retail-prediction-markets-calls-them-bets-6e804b/

Australia’s corporate regulator cast doubt on the notion that prediction markets for retail clients are in the public interest, arguing the contracts have “all the features of a bet.” The statement stops short of a formal ban and came a day after ASIC Chair Sarah Court told senators that no prediction market operator has applied […]

_Ground Level News shows a short summary only; the full article and all rights belong to Bitcoin News._