Prediction markets/FCA consumer credit consultation/Motor finance update

In this week's episode, we look at the fast growing world of prediction markets - which have caught fire in the US over the past two years. While neither of the two big US players have launched in the UK yet - there are already plenty of UK markets to bet on, with UK investors getting access to the platforms using VPNs. The FCA included the market on its lists of perimeter risks earlier this year, and the Gambling Commission is also on standby. But what could these products mean if they catch on in the UK - and is the FCA's ban on retail binary options enough to stop them offering markets on UK financial assets and events?

In the second half of today's show, we talk about the FCA's latest consultation and discussion papers into the Consumer Credit Market. While the review of the Consumer Credit Act is still making its way slowly through the Treasury, the FCA already has the ability to make changes to the rules around some of the information that is given to customers when they're taking out a loan. Its latest papers highlight the lack of understanding around APR and make some suggestions for some amends. We explore all the detail behind the latest papers.

At the end of the show, there's a very quick update on the challenges to the FCA's motor finance redress scheme.  

Email us your questions and suggested topics for discussion to fairerfinance@fairerfinance.com