Speaking on the matter, Lawyer Fulvio Sarzana, whose firm Sarzana and Partners works on behalf of Italian internet service providers, and has also posted about the subject, said “Consob believes that binary options are more similar to gambling than to financial services.” He added that “Financial watchdogs in Italy had made complaints last year about binary options trading, which led to warnings, but these notices seems to be ignored by companies.” When asked of whether the current list of firms is final, and whether other binary options companies that are marketing in Italy are at risk of having their websites blocked, Sarzana answered “this is probably just the first step and I would be willing to bet that more binary options companies will be effected.”
