Main takeaway: ESMA says event contracts that meet the financial instrument definition are treated as binary options and cannot be marketed, distributed, or sold to retail investors in the EU. ESMA notes legal status depends on function not name, such contracts meeting MiFID II are derivatives and fall under the binary options ban; providing them to EU clients requires MiFID II authorization even for professional-only platforms; event contracts may also fall under national gambling laws or, if tokenized and not financial instruments, under MiCA.
BlockBeats 消息，7 月 5 日，欧洲证券及市场管理局发布声明称，若预测市场的「事件合约（Event Contracts）」符合金融工具定义，则属于二元期权（Binary Options）范畴，根据欧盟规定，不得向零售投资者进行营销、分销或销售。ESMA 表示，产品的法律属性取决于其实际功能，而非「事件合约」等商业名称。若相关合约符合 MiFID II 对金融工具的定义，则将被视为衍生品，并受到欧盟二元期权禁令约束。ESMA 同时指出，即便平台仅向专业投资者提供相关产品，只要在欧盟提供相关投资服务，仍需取得 MiFID II 授权。此外，事件合约也可能受各成员国博彩法律监管；若产品采用代币化形式且不属于金融工具，则可能适用 Markets in Crypto-Assets Regulation (MiCA) 框架。