ESMA warns Polymarket and Kalshi lack authorization to serve EU users

Crypto Insight Summary: The European Securities and Markets Authority (ESMA) has said that Polymarket and Kalshi do not hold the authorization required to sell event contracts to users across the bloc. Several countries are making moves to either regulate or outrightly ban prediction market platforms due to concerns about insider trading, manipulation and much more. Why are prediction... Crypto Insight Analysis: Direction: Bearish GT / Neutral SOL Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory pressure on prediction markets may deter investors from decentralized platforms.