Article
Prediction Markets, Event Contracts, And EU Rules: MiFID, MiCAR, And Gambling Law
Prediction markets are rapidly expanding from niche financial instruments to mainstream retail products, but their regulatory classification across EU jurisdictions remains uncertain. Are these event contracts financial instruments under MiFID, crypto-assets under MiCAR, or gambling products subject to national betting laws? The answer depends on product structure, underlying events, and jurisdiction, creating significant compliance challenges for operators seeking to scale across Europe.
Matheson