Britain's Financial Conduct Authority has discussed potential retail access to prediction-market products with platforms, The Times reported, but its permanent 2019 ban on selling binary options to retail consumers remains unchanged. The FCA said in its March 2026 Perimeter Report that financial and certain climate-related prediction markets it has examined are binary options within its regulatory perimeter, while sports and political contracts generally fall under the Gambling Commission. The regulator will consider whether further work on access or clarification of the regulatory boundary is needed, with no timetable announced. Platforms offering a broad range of contracts would require approval from both the FCA and the Gambling Commission. UK consumers reportedly use VPNs to access overseas platforms including Kalshi and Polymarket, outside domestic consumer-protection arrangements. Matchbook launched yes/no prediction markets through its UK gambling operation in January 2026, illustrating an existing gambling-regulation route. The review comes amid rising investor and trading interest: Polymarket was reportedly valued at $21 billion in a funding round expected to raise $1 billion, while Kalshi said it raised $1 billion at a $22 billion valuation. Kalshi, Polymarket and Polymarket US recorded combined trading volume of $50.6 billion in July 2026, according to market data cited by The Crypto Times.