January 31, 2014 BY Gerald Segal

XM.com Contest Arena – gambling or trading?

Will regulators allow organized contests (i.e. bets) between clients of forex brokers? We often wonder where are the regulatory borders of legality in binary options. Should they be treated as a financial product (as does Cyprus' CySEC and Malta's MFSA), or should they be regulated by gaming commissions (as in the UK)? We take no…

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