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Did Putin just pave the way for binary options advertising?

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asked Apr 5, 2017 by kit (2,260 points)

1 Answer

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answered Apr 5, 2017 by Connor1 (5,150 points)
Central Bank of Russia rarely i mentions binary options – the last time it did, it referred to them as a type of derivatives. This happened during a discussion on brokers’ activities and no particular mention was made as to whether binary options do constitute a part of the offering of securities brokers in Russia.

Another way of looking at binary options is as bets. Actually, even jurisdictions where binary options are treated as financial instruments, albeit ones associated with high risks, describe binary options as bets. The “bet” label has been used by regulators in Belgium, Canada and France, to explain what binary options are. It’s probably needless to say but let’s add that the UK regulator for binary options is the Gambling Commission.

Russia has no regulatory designation for binary options. But if one day it decides to introduce one, there will be two ways to go ahead – either treat binary options as bets/gambling/gaming instruments, or treat them as financial instruments/derivatives.

If it decides to label binary options as gambling instruments and bets, then, binary options brokers will have no problem with sports sponsorships and advertising in Russia.
commented Apr 5, 2017 by david (220 points)
Interesting article...
all about money i guess....

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