The UK Gambling Commission has issued a detailed explanation of how prediction markets would be regulated under existing legislation in Great Britain. This clarification comes at a time of growing interest in alternative trading and event outcome markets that sit at the boundary of traditional gambling and financial products. According to the Commission the legal framework for gambling in Great Britain is clear and requires operators to hold the appropriate licences if their products fall within the defined scope of gambling. The explanation highlights licensing obligations regulatory expectations and the distinction between......

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