Ukraine Blocks Polymarket, Labels Platform for Offering Unlicensed Gambling
Ukraine's NCEC blocked Polymarket, classifying its prediction market activities as unlicensed gambling under national law.Summary
Ukraine has blocked access to the prediction market platform Polymarket, with the National Commission for the Regulation of Electronic Communications (NCEC) issuing a ruling on December 10, 2025, to restrict access for organizing or facilitating gambling without a valid license. The domain polymarket.com was added to the public register of blocked websites. Ukrainian authorities criticized the platform for facilitating bets on geopolitical events related to Russia’s invasion. Polymarket, founded in 2020 and valued at an estimated $8 billion, allows users to trade shares tied to real-world outcomes using USDC on the Polygon blockchain. The platform is already restricted in 33 other countries, and this action follows recent scrutiny of prediction markets, including proposed US legislation to ban insider trading on such platforms.
(Source：Cointelegraph)