Prediction Markets Face European Backlash Amid World Cup Betting Frenzy

European gambling regulators from nine countries have warned that prediction markets lack key consumer protections. Regulators are closely monitoring World Cup betting activity and may take action against prediction market platforms that fail to comply with laws. Despite claims of better payouts, prediction market odds on World Cup favorites France were comparable to traditional sportsbooks. The warning comes as the World Cup betting frenzy reaches its peak, with regulators determined to ensure that all betting platforms operate within the law and provide adequate protections for consumers.