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Mmastodon BusinessBanking first seen 1 d ago, last 23 min ago, peak #2

UK urged to act as Polymarket bets on bank failures

Original: UK urged to act as Polymarket takes bets on whether HSBC and Lloyds will fail https://www. theguardian.com/business/2026

Betting platform Polymarket is now running markets on whether major UK banks HSBC and Lloyds will fail, prompting calls for the UK government and regulators to intervene. The Guardian reports growing concern that prediction markets on bank solvency could fuel instability in the financial sector and spread panic among depositors.

Why now: Prediction markets speculating on the collapse of systemically important banks raise fresh regulatory and financial stability concerns.

PolymarketHSBCLloyds Banking GroupUK governmentThe Guardian

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