UK urged to act as Polymarket takes bets on whether HSBC and Lloyds will fail

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The Guardian

UK urged to act as Polymarket takes bets on whether HSBC and Lloyds will fail

Revelation comes amid mounting concern over online prediction market’s effects on integrity of financial system UK authorities are being urged to intervene after it emerged that the online prediction market Polymarket has been taking thousands of dollars worth of bets over whether HSBC and Lloyds will fail. Polymarket – the US-owned company which holds bets on anything from football matches, to the existence of alien…