Global Brokers Expand Into Crypto Trading While Testing Prediction Market Models

Over the past two years, the retail forex brokerage industry has quietly entered a new phase of product diversification. Increasingly, traditional FX and CFD platforms are integrating cryptocurrency trading alongside conventional asset classes, positioning digital assets not as an alternative market — but as an extension of their existing multi-asset offering.

At the same time, however, another adjacent segment built on similar contract logic — prediction markets — is encountering mounting regulatory resistance across multiple jurisdictions.

This divergence is beginning to shape how brokers evaluate their next strategic move.

Brokers Accelerate Crypto Integration

For many global forex brokers, crypto CFDs and spot-linked derivatives have evolved from niche products into core trading instruments.

Multi-asset platforms such as IG, Saxo Bank, and CMC Markets have expanded their digital asset coverage in recent product updates, offering access to Bitcoin, Ethereum, and other major tokens through regulated CFD structures. Meanwhile, offshore-licensed brokers including Bybit-linked derivatives venues and crypto-CFD hybrids have introduced synthetic indices or token-settled instruments aimed at attracting retail traders seeking 24/7 exposure.

From an operational standpoint, integrating crypto markets allows brokers to:

• Extend trading hours beyond traditional FX sessions
• Capture volatility-driven volume during macroeconomic uncertainty
• Offset declining retail participation in low-volatility currency environments

This trend reflects a broader structural shift: as crypto markets mature and institutional custody solutions improve, regulators in several regions have become more willing to treat certain digital-asset derivatives as financial instruments rather than purely speculative products.

Prediction Markets: Familiar Structure, Different Regulatory Path

While crypto integration has moved cautiously toward legitimacy in many jurisdictions, prediction platforms have encountered a more complex reception.

Event-based trading models offered by platforms such as Kalshi and Polymarket allow users to speculate on outcomes — elections, inflation data, sports events — using contracts that settle based on binary “yes/no” propositions.

Structurally, these instruments resemble traditional binary options, which were widely banned in retail markets following fraud scandals in the mid-2010s.

Regulators appear increasingly sensitive to that resemblance.

In February 2026, the Netherlands Gambling Authority ordered Polymarkets affiliate to cease operations for offering unlicensed wagering services to Dutch residents, warning that such contracts were not permitted under national gambling law. Authorities stated the company must “cease its activities immediately” or face financial penalties.

The Dutch intervention follows a series of earlier restrictions elsewhere:

• Poland and Singapore added Polymarket to national gambling blacklists in January 2025
• Belgiums gaming regulator formally banned access to the platform in February 2025

Collectively, these measures highlight how prediction markets continue to straddle an uneasy line between financial derivatives and betting products — a distinction that varies significantly by jurisdiction.

Implications for Forex and CFD Brokers

For forex brokers evaluating product expansion strategies, the diverging regulatory trajectories of crypto and event-based contracts introduce both opportunity and risk.

On one hand, crypto-linked CFDs are increasingly framed within established derivatives oversight frameworks, particularly when leverage limits and disclosure requirements mirror existing retail protections.

On the other, prediction-style contracts may expose platforms to legal ambiguity even when marketed as financial hedging tools. In markets where such instruments are interpreted as wagering products rather than derivatives, licensing requirements can shift from financial regulators to gaming authorities — or prohibit access altogether.

As a result, brokers experimenting with binary-outcome trading models or event-linked indices may face:

• Cross-border licensing conflicts
• Marketing restrictions tied to gambling law
• Enhanced scrutiny around retail risk disclosures

For retail participants, the distinction between crypto derivatives and outcome-based contracts is not always obvious — yet regulatory treatment of the two may differ dramatically.

A Market Still Finding Its Boundaries

The parallel rise of crypto trading and prediction platforms illustrates how quickly the definition of “financial instruments” continues to evolve.

Innovation remains active across brokerage platforms seeking new engagement channels, but regulatory frameworks are moving at uneven speeds. As enforcement actions spread across Europe and beyond, brokers integrating non-traditional asset classes may increasingly find compliance considerations shaping their product roadmaps.

For traders following these developments, monitoring both platform offerings and licensing status remains essential — particularly as the line between speculation and structured derivatives becomes harder to define.

Stay Informed with WikiFX

As more brokers expand into crypto assets and event-based trading models, verifying a platforms regulatory standing and operational background is becoming increasingly important.

WikiFX provides traders with access to up-to-date information on broker licenses, risk alerts, user ratings, and exposure reports across global markets. By reviewing this data regularly, users can gain a clearer understanding of the potential risks behind emerging products or trading models before making any investment decisions.