Polymarket is lobbying EU and UK regulators to be classified as a financial services company rather than gambling, reshaping its regulatory framework.
Regulation & Gov ·
Polymarket is engaging with regulators in the EU and UK to secure classification as a financial services company rather than a gambling operation. The distinction carries significant implications for how the platform operates and which regulatory frameworks apply to its business. The effort reflects a broader strategic shift in how prediction market platforms position themselves within existing regulatory structures, though the outcome and timeline for any reclassification remain uncertain.