ELI5: Explain Like I'm 5

Regulated market

A regulated market is a type of market in which there are laws and rules that everyone has to follow in order to buy and sell certain things. It makes sure the things people buy and sell are safe and fair. For example, in a regulated market, cars must pass certain safety tests before they can be sold to make sure they won't be dangerous to drive. People also have to agree on a fair price for the car. That way, nobody takes advantage of anyone else.