According to FT, Polymarket is lobbying regulators in the UK, Brussels, and multiple EU countries, aiming for its prediction market contracts to be classified as financial derivatives and included under financial service regulations like MiFID, rather than being governed by individual countries' gambling laws. The company has engaged with organizations such as ESMA, the European Commission, and the UK FCA, and is seeking licensing in Europe. Polymarket is currently raising funds at a valuation exceeding $20 billion. Retail prediction markets remain strictly regulated in many European countries, with regulators in the UK, France, Germany, and Italy previously suggesting that such businesses may require gambling licenses. https://www.(wublock123.com)/news/polymarket-lobbies-europe-seek-prediction-markets-mifid-regulation-68786