Prediction Markets in the UK: Betting the House or Hedging Your Bets?

Cleary Gottlieb partner Ferdisha Snagg and associate Noah D’Aeth co-authored the article, “Prediction Markets in the UK: Betting the House or Hedging Your Bets?” published in Butterworths Journal of International Banking and Financial Law.

Ferdisha and Noah discussed prediction markets, trading platforms where participants trade contracts whose value depends on whether specified future events occur. In the U.S., these markets are booming and have become one of the most contested areas at the intersection of financial regulation and gambling law. In the UK, their regulatory treatment hinges on whether the contract references a financial or non-financial outcome.

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