ASIC chair raises concerns over prediction markets for retail clients

Australia's corporate regulator says no prediction market operator has applied for a license, and it doubts the products serve retail investors Australia’s top financial regulator has looked at prediction markets and is not convinced they belong in the hands of everyday investors. The Australian Securities and Investments Commission (ASIC) doubts that retail prediction markets serve the public interest. The position came into sharper focus on October 29, 2026. ASIC Chair Sarah Court told a parliamentary hearing that the regulator has not received a single application from a prediction market operator seeking to run services in Australia.