ASIC does not support retail prediction markets
Start here
AI-assisted source synthesis · not an independent investigation.
On October 30, 2026, ASIC stated that it does not currently consider offering prediction markets to retail clients to be in the public interest, but this statement is not a formal ban. ASIC also pointed out that offshore prediction markets are not protected by Australian law; Australian financial services licensees that assist clients in accessing such markets must still fulfill all licensing obligations. ASIC said its position continues its cautious approach to binary options. Previously, ASIC stated that in the 13 months before the binary options ban took effect, 74% to 77% of active retail clients incurred losses, with total net losses of AUD 14 million.
AI-written from reports · updated 2 hours ago
Timeline
Follow the reporting to see the different sides of the story.
- Finance MagnatesASIC remains cautious about prediction markets for retail clients
ASIC said it does not currently consider offering prediction markets to retail clients to be in the public interest, but the statement is not a formal ban. ASIC said offshore prediction markets are not protected under Australian law, and Australian financial services licensees assisting clients in accessing such markets must still fulfill all licensing obligations. The position continues its cautious approach to binary options. ASIC previously said that 74% to 77% of active retail clients lost money in the 13 months before the ban, with aggregate net losses of A$14 million.
Heat over time
Not enough consecutive observations yet to draw a trend.