The FCA is currently examining the total prohibition of financial prediction markets – this rule is in place since 2019 but the policy differs from the current methods by which residents of the United Kingdom exchange assets. The regulator is in conversation with digital brokerage services about allowing more entry to those markets. Such a change in policy is a complete turn from the previous stance that the products create a high level of danger for non professional traders.
The reason for this change is that consumers in the United Kingdom use international services like Kalshi & Polymarket. In many cases those traders use virtual private networks to bypass local legal barriers. There is a large increase in the data. The total amount of money moved on the two services grew from less than $5 billion in September 2025 to approximately $24 billion by April 2026. Bernstein predicts that the total value of global prediction market activity will reach $240 billion this year, which is an increase from $51 billion in 2025. By this time investors value Kalshi at $22 billion or Polymarket at $21 billion. And companies like Coinbase, Robinhood next to DraftKings have entered this sector. To facilitate this, Robinhood is talking to the Financial Conduct Authority about offering event contracts to customers in Britain.
