Australian regulators are monitoring US-based prediction market platforms that are hosting bets on Australian elections, Reserve Bank decisions, and specific words Prime Minister Anthony Albanese may say in Parliament.
Australian regulators are closely watching US-based prediction market platforms such as Kalshi and Polymarket. These platforms offer users the opportunity to purchase shares in contracts related to various events, including Australian elections and statements by Prime Minister Anthony Albanese in Parliament.
Despite their popularity, these platforms, which are not authorized by Australian regulators, are enabling bets on events that are not officially approved for wagering in Australia.
