Dutch regulator orders Polymarket to halt operations or face €840,000 penalty
Crypto Briefing
The Dutch gambling regulator ordered Polymarket to stop offering services in the Netherlands or face escalating weekly fines.Summary
The Dutch gambling regulator, Kansspelautoriteit, has ordered Polymarket, operated by Adventure One QSS Inc., to cease offering its services in the Netherlands because it operates unlicensed games of chance. The regulator confirmed that Dutch users could register, deposit funds, and place bets on political markets. The Kansspelautoriteit determined that Polymarket violates the Dutch Gambling Act, as payouts depend on uncertain external events, classifying its products as games of chance, despite Polymarket's claims that they are financial prediction markets. Polymarket has four weeks to halt access from the Netherlands or face penalties of €420,000 per week, capped at a total of €840,000.
(Source：Crypto Briefing)