Push to legalise prediction markets in Australia | 7.30

A controversial form of financial trading has exploded in popularity overseas. Online prediction markets allow people to wager on the outcome of almost any real-life event, from elections to sport and even war. 7.30’s Myles Houlbrook-Walk reports. Subscribe: https://ab.co/3yqPOZ5 Read more here: https://www.abc.net.au/news/2026-05-27/effort-to-make-prediction-markets-available-to-australians/106671606 Welcome to ABC News In-depth, where you'll find our long-form journalism and other videos to help you understand what's going on in the world around you. Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 For more from ABC News, click here: https://ab.co/2kxYCZY Get breaking news and livestreams from our ABC News channel: https://www.youtube.com/user/NewsOnABC Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on Twitter: http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia