UK urged to act as Polymarket takes bets on whether HSBC and Lloyds will fail
Polymarket, a cryptocurrency‑based prediction platform, has opened markets allowing users to wager on the possible collapse of UK banks HSBC and Lloyds. The move has prompted calls from regulators and industry groups for the UK government to intervene, citing worries that such speculative betting could undermine confidence in the financial system and create new integrity risks.