Polymarket Faces Nationwide Block Ordered by Argentina Court

A court in Buenos Aires issued a ruling on March 11, ordering Argentina's national communications regulator, ENACOM, to block nationwide access to the crypto-based prediction market platform Polymarket due to unauthorized gambling operations. The case originated from a complaint by LOTBA, the Buenos Aires City Lottery, which alleged Polymarket allowed betting without adequate identity or age verification, potentially exposing minors to the platform. The court also instructed Google and Apple to remove Polymarket's mobile applications from their stores in Argentina. This action follows earlier scrutiny of Polymarket regarding its inflation-related prediction markets, which closely mirrored official data, raising insider trading concerns. This move aligns with global trends restricting access to prediction markets in several other countries.

(Source：Cointelegraph)