European Securities AND Markets Authority

Europe’s securities regulator has warned that major prediction market platforms generally need authorization to serve EU users. ESMA also flagged the risk that an AI-driven technology stock sell-off could spill into crypto markets.

Fraudsters are exploiting the European Union’s MiCA transition by impersonating regulators and licensed crypto exchanges. With millions of users being pushed away from unlicensed platforms, officials are warning investors to verify providers before moving funds.