A Rotterdam court has ruled that the Dutch financial regulator was wrong to refuse to license a binary options trader on the basis that its services were too similar to online betting products.
The court ruled that financial regulator Autoriteit Financiële Markten (AFM) was not authorised to refuse to grant binary options trader Optieclub a licence. AFM had attempted to justify its decision by explaining that if financial instruments offered an uncertain outcome, they should be [...]
