# ESMA Targets Prediction Markets and AI Bubble Risks | Bitcoin and Crypto News

Page: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/esma-targets-prediction-markets-and-ai-bubble-risks-bitcoin-and-crypto-news
Text version: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/esma-targets-prediction-markets-and-ai-bubble-risks-bitcoin-and-crypto-news.md
Podcast: [Crypto News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376)
Published: 2026-09-10T20:59:06+00:00
Episode link: https://sources.thednn.ai/8ae3c036d3123c45
Audio file: https://api.fastcast.ai/audio/73ae5d6c-2493-4902-956f-c6dfa8fa4541.mp3
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Duration seconds: 137

## Resource

Europe’s financial watchdog ESMA is sounding the alarm on prediction markets like Polymarket and Kalshi, warning they may be operating illegally in the EU without proper licenses. These platforms, which let users bet on future events, could fall under financial regulations, crypto rules, or gambling laws — none of which they’re currently complying with. With inconsistent national restrictions and VPNs helping users bypass bans, ESMA questions how enforceable these limits are. The classification of “event contracts” is crucial: financial instruments could trigger binary options bans, blockchain-based ones might face MiCA rules, and pure games of chance would be subject to gambling laws. Beyond prediction markets, ESMA also warns of an emerging “AI bubble,” where heavy borrowing for AI tech could collapse, forcing investors to sell off riskier assets like crypto. As stocks rebound from geopolitical stress but crypto lags — with Bitcoin down and ETF outflows rising — the interconnectedness of crypto and traditional finance makes this a volatile crossroads worth watching closely. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/8ae3c036d3123c45

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