Are Prediction Market Shares Binary Options?
To date, the GGL is the only authority in Germany to have commented on the regulatory classification of shares on prediction markets. Could the shares offered on prediction market platforms qualify as financial instruments and, in this context, also as binary options?
Prediction Markets – What’s Behind the Hype?
Prediction markets are all over the place right now. Is it even legally possible to operate them in Germany, and do the contracts traded on prediction markets always qualify as bets—and thus as (illegal) gambling?
