Key Takeaway
Revelation comes amid mounting concern over online prediction market’s effects on integrity of financial systemUK authorities are being urged to intervene after it emerged that the online prediction market Polymarket has been taking thousands of dollars worth of bets over whether HSBC and Lloyds will fail. Polymarket – the US-owned company which holds bets on anything from football matches, to…
Published October 3, 2026 · Category: News
Overview
Revelation comes amid mounting concern over online prediction market’s effects on integrity of financial system
UK authorities are being urged to intervene after it emerged that the online prediction market Polymarket has been taking thousands of dollars worth of bets over whether HSBC and Lloyds will fail.
Details
Polymarket – the US-owned company which holds bets on anything from football matches, to the existence of aliens, to when a bomb drops on a city – has allowed users to take $77,507 (£58,530) worth of positions on whether the world’s biggest banks will go under by the end of this year.
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Source
Originally published at www.theguardian.com.
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What is "UK urged to act as Polymarket takes bets on whether HSBC and Lloyds will fail" about?+
Revelation comes amid mounting concern over online prediction market’s effects on integrity of financial systemUK authorities are being urged to intervene after it emerged that the online prediction market Polymarket has been taking thousands of dollars worth of bets over whether HSBC and Lloyds will fail.Polymarket – the US-owned company which holds bets on anything from football matches, to the existence of aliens, to when a bomb drops on a city – has allowed users to take $77,507 (£58,530) wo
Who reported this story?+
This story was reported by The Guardian World.