UK urged to act as Polymarket takes bets on whether HSBC and Lloyds will fail
Residents from UK, US, Canada and EU are banned from betting on Polymarket’s offshore platform. Photograph: Samuel Boivin/NurPhoto/ShutterstockView image in fullscreenResidents from UK, US, Canada and EU are banned from betting on Polymarket’s offshore platform. Silicon Valley Bank and Credit Suisse collapsed in 2023 after big stock sell-offs and bank runs, both of which were accelerated by a frenzy of speculation on platforms such as X and WhatsApp.The Treasury committee member and Liberal Democrat MP Bobby Dean said UK authorities should intervene.
- ▪Residents from UK, US, Canada and EU are banned from betting on Polymarket’s offshore platform.
- ▪Photograph: Samuel Boivin/NurPhoto/ShutterstockView image in fullscreenResidents from UK, US, Canada and EU are banned from betting on Polymarket’s offshore platform.
- ▪Silicon Valley Bank and Credit Suisse collapsed in 2023 after big stock sell-offs and bank runs, both of which were accelerated by a frenzy of speculation on platforms such as X and WhatsApp.The Treasury committee member and Liberal Democra
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| Original publisher | The Guardian — UK |
| Canonical URL | https://www.theguardian.com/business/2026/oct/03/uk-polymarket-hsbc-lloyds-failures-banks |
| Publication time | Sat, 03 Oct 2026 08:00:53 GMT |
| Retrieval time | 2026-10-03T08:13:12.578Z |
| Last seen | 2026-10-03T08:13:12.578Z |
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Residents from UK, US, Canada and EU are banned from betting on Polymarket’s offshore platform. Photograph: Samuel Boivin/NurPhoto/ShutterstockView image in fullscreenResidents from UK, US, Canada and EU are banned from betting on Polymarket’s offshore platform. Photograph: Samuel Boivin/NurPhoto/ShutterstockBankingUK urged to act as Polymarket takes bets on whether HSBC and Lloyds will failRevelation comes amid mounting concern over online prediction market’s effects on integrity of financial systemKalyeena Makortoff Banking correspondentSat 3 Oct 2026 04.00 EDTSharePrefer the Guardian on GoogleUK 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…
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