Prediction markets are booming globally — but where do they stand in the Philippines?
We’ve been receiving many queries lately on whether platforms that let users “trade on outcomes” — from elections to sports to pop culture — are permitted under Philippine law. As a securities AND gaming lawyer, this was something I wanted to study deeper.
In our latest Arden Consult Client Alert, I break down how prediction markets have grown into a billion-dollar industry worldwide and why, under current Philippine laws, they fall within the definition of gambling.
Still, there’s room for evolution. If future regulatory developments — such as the establishment of a futures market or new licensing models under PAGCOR or the SEC — take shape, prediction markets may yet find a legitimate place in the Philippine landscape.
We’ve been receiving many queries lately on whether platforms that let users “trade on outcomes” — from elections to sports to pop culture — are permitted under Philippine law. As a securities AND gaming lawyer, this was something I wanted to study deeper.
#PredictionMarkets are booming globally — but where do they stand in the Philippines?
