Dutch authorities have ordered crypto prediction platform Polymarket to stop offering betting services to residents. The move comes after regulators said the company was operating without the required permit.
The order was issued by the Netherlands Gambling Authority, which told Polymarket’s local affiliate, Adventure One, to “cease its activities immediately.” Officials warned the company could face penalties of up to $990,000 if it fails to comply.
Regulators said prediction market betting is illegal under Dutch gambling laws. This includes wagers on events such as elections, sports, or political outcomes. Authorities also said the company did not respond properly to earlier warnings.
Ella Seijsener, director of licensing and supervision at the regulator, said prediction markets are growing fast but remain banned in the Netherlands. She made it clear that even licensed gambling companies are not allowed to offer these types of wagers.
The case highlights wider global pressure on prediction platforms. Similar services have faced legal scrutiny in the United States, where regulators are still debating whether prediction markets fall under gambling or financial trading laws.
Polymarket’s legal team has said it is open to working with regulators. The company is also watching ongoing legal discussions in the US, where federal authorities are reviewing how prediction platforms should be regulated.
The enforcement action comes as the Netherlands considers stricter rules on crypto and investments. Lawmakers are discussing a possible 36% capital gains tax on certain assets, including cryptocurrencies, which could take effect in 2028 if approved.
For now, Polymarket’s betting operations in the Netherlands remain on hold. The decision shows how fast-growing prediction markets are clashing with national gambling laws around the world.
