Netherlands Orders Polymarket to Cease Operations Amid Regulatory Concerns

The Netherlands Gambling Authority (Ksa) has mandated that prediction market platform Polymarket halt its services within the country, with potential fines reaching up to €840,000 for non-compliance. According to NS3.AI, the regulator views Polymarket's offerings as illegal gambling, citing social risks and the absence of a proper license. Despite facing regulatory hurdles worldwide, Polymarket is actively expanding its partnerships, positioning its products as financial instruments rather than traditional bets.