Netherlands Bans Polymarket, Imposes Heavy Penalties on Unlicensed Operations
Netherlands regulator bans Polymarket, orders shutdown, and threatens weekly fines. Authorities cite illegal gambling violations and rising concerns around election-related markets. Netherlands authorities have officially banned Polymarket from offering prediction market services nationwide. A court of law decided that its event-based contracts are a form of illegal gambling product. As such, the platform has to […]
