How should prediction markets be regulated in Europe?

On 28 October, our colleague Marina Villalonga took part in a roundtable held at the Palacio de Cibeles during MERGE Madrid, organised by Blockchain for Europe in collaboration with XReg Consulting and Asensi Abogados, to discuss the main regulatory challenges surrounding prediction markets. The session brought together Tommaso Astazi from Blockchain for Europe, Nicky Gomez […]

On 28 October, our colleague Marina Villalonga took part in a roundtable held at the Palacio de Cibeles during MERGE Madrid, organised by Blockchain for Europe in collaboration with XReg Consulting and Asensi Abogados, to discuss the main regulatory challenges surrounding prediction markets.

The session brought together Tommaso Astazi from Blockchain for Europe, Nicky Gomez from XReg Consulting, Mikel Arana, Director General for Gambling Regulation, representatives from the CNMV (Comisión Nacional del Mercado de Valores), and Pedro Méndez de Vigo, Head of Legal Europe at Crypto.com, among other professionals. The discussion brought together different perspectives on a key question: should prediction markets be classified as gambling, financial instruments, or do they require a specific regulatory framework?

The debate covered several key issues, including the application of MiFID II, different national regulatory approaches, Gibraltar’s regulatory framework and the need for greater regulatory clarity at EU level.

Blockchain for Europe has published a summary of the main topics discussed and the key takeaways from the roundtable, which you can read here: https://sl1nk.com/6eqhz21

We would like to express our sincere appreciation to all participants for their valuable contributions, and to MERGE Madrid for hosting this event.

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