“Europe banned binary options for retail traders; the US should follow suit”
Examines Europe's 2018 binary options ban as a regulatory template for US prediction market legislation. Argues the key question is not whether prediction markets should exist but who should have access — retail traders lose money while institutions use them for hedging. Compares ESMA's framework with pending Congressional bills to map what works on both sides of the Atlantic.
No technical background needed
Platforms mentioned: Kalshi, Polymarket