Netherlands Bans Polymarket Over ‘Illegal Gambling Services’

The Netherlands Gambling Authority (Ksa) has imposed a penalty order on Adventure One QSS Inc., the operator of prediction market platform Polymarket, for offering what it called illegal gambling services in the country without a license. It marks the latest legal setback for the company as regulators worldwide intensify scrutiny of the sector. In a statement published Tuesday, the Ksa said it had ordered Polymarket to immediately cease offering services to Dutch users. If the company fails to comply, it ...