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Dutch Regulator Orders Polymarket to Halt Unlicensed Betting Operations

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The Netherlands Gambling Authority has moved in opposition to prediction markets platform Polymarket, ordering its Dutch affiliate, Adventure One, to cease providing wagering providers to residents with no allow.

Key Takeaways:

  • Dutch regulators ordered Polymarket’s affiliate to halt operations for providing unlicensed betting to residents.
  • Authorities stated prediction market wagers are unlawful within the Netherlands, even for licensed playing operators.
  • The case displays wider world regulatory strain on event-based contracts and prediction platforms.

In a notice released Tuesday, the regulator stated the corporate should “stop its actions instantly” or threat penalties of up to $990,000.

Officials stated the platform allowed customers within the Netherlands to place bets prohibited underneath nationwide legislation, together with contracts tied to native elections, and had failed to reply to earlier requests from authorities to tackle the problem.

Prediction Markets Not Permitted Under Dutch National Gambling Rules

“Prediction markets are on the rise, together with within the Netherlands,” stated Ella Seijsener, the authority’s director of licensing and supervision.

She added that such operators present wagers that aren’t allowed within the Dutch market underneath any circumstances, even for licensed playing corporations.

Earlier this yr, the corporate’s chief authorized officer Neal Kumar stated the agency was open to discussions with regulators whereas US federal courts think about questions over oversight of prediction markets.

The dispute mirrors broader regulatory tension around event-based contracts. In the United States, platforms providing comparable merchandise have drawn scrutiny from state authorities, a lot of which argue the providers resemble sports activities betting.

At the identical time, management on the Commodity Futures Trading Commission has pushed again in opposition to state intervention, asserting federal jurisdiction over prediction market exercise.

The enforcement motion additionally comes as Dutch lawmakers debate tighter guidelines affecting digital property.

The nation’s House of Representatives just lately superior a proposal introducing a 36% capital beneficial properties tax on sure investments, a measure anticipated to cowl cryptocurrencies if enacted.

Should the Senate approve the plan, the tax may take impact as early as 2028.

For now, the regulator’s order locations Polymarket’s operations within the Netherlands on maintain, highlighting how quickly rising prediction markets are colliding with nationwide playing frameworks throughout a number of jurisdictions.

Dutch Indirect Crypto Investments Hit €1.2B

As reported, Dutch publicity to cryptocurrency via monetary securities has grown quickly over the previous 5 years, reaching about €1.2 billion by October 2025, in accordance to De Nederlandsche Bank (DNB).

The improve largely displays rising costs of main digital property fairly than a surge of recent investor cash.

Holdings stood at roughly €81 million on the finish of 2020, exhibiting how valuation beneficial properties have expanded crypto-linked investments throughout households, establishments and corporations.

Despite the soar, direct possession of cryptocurrencies stays comparatively restricted for a lot of buyers.

Even with the expansion, crypto securities symbolize solely about 0.03% of the Netherlands’ total funding market, indicating conventional property nonetheless dominate portfolios.

Last yr, Dutch crypto agency Amdax raised €30 million ($35 million) to launch Amsterdam Bitcoin Treasury Strategy (AMBTS), a devoted Bitcoin treasury firm that plans to accumulate up to 1% of the entire BTC provide, or roughly 210,000 Bitcoin.

The put up Dutch Regulator Orders Polymarket to Halt Unlicensed Betting Operations appeared first on Cryptonews.

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