According to Bitcoin.com News, on July 13, the Czech Ministry of Finance added Polymarket to its list of unauthorized online gambling platforms, requiring internet service providers to block the site within 15 days. The Czech Gambling Regulatory Institute stated that Polymarket settles in USDC and operates as a decentralized exchange without local licensing. Recently, Italy has also added Polymarket to its blocking list, and the Netherlands has dismissed an appeal from the platform. The European Securities and Markets Authority (ESMA) warned this month that event contracts qualifying as financial instruments are prohibited from being sold to retail investors. Gibraltar launched a regulatory framework for prediction markets this week, while Malta is exploring a similar system.
The Czech Ministry of Finance blocks Polymarket as an unlicensed gambling platform.
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Summary
On July 13, the Czech Ministry of Finance added Polymarket to its list of unlicensed gambling sites, citing on-chain evidence that the platform operates as a decentralized exchange. Internet providers must block access within 15 days. The Czech Gambling Regulatory Institute noted that bets are settled in USDC without local licensing. Italy has also banned Polymarket, while the Netherlands denied its appeal. This month, the EU’s ESMA warned that event contracts resembling financial instruments cannot be sold to retail investors. Gibraltar has introduced a prediction market framework, and Malta is considering similar regulations. An exchange hack remains a key risk for unregulated platforms.
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