Dutch regulator orders Polymarket to halt operations or face €840,000 penalty

Share This Post

The Dutch gambling regulator, Kansspelautoriteit, has ordered Polymarket to stop offering its services in the Netherlands, concluding the platform operates unlicensed games of chance under Dutch law.

In a public decision dated January 20, 2026, the authority found that Adventure One QSS Inc., identified as the operator of polymarket.com, allowed Dutch users to register, deposit funds and place wagers without holding a local gambling license nether.

Regulators confirmed from a Dutch IP address that users could create accounts, deposit €10 through a Dutch bank via Mastercard and place bets on political markets, including outcomes tied to Dutch elections.

The Kansspelautoriteit determined that the platform violates Article 1(1)(a) of the Dutch Gambling Act, which prohibits offering games of chance without a license. Polymarket has four weeks to cease access from the Netherlands or face penalties of €420,000 per week, capped at €840,000.

The regulator rejected Polymarket’s argument that its products function as financial prediction markets rather than gambling. It said payouts depend on uncertain external events beyond participants’ control, meeting the statutory definition of a game of chance.

Polymarket and similar platforms have faced scrutiny or enforcement in US states, the UK, France, Germany, Italy, Australia, Singapore, Portugal, Hungary, Thailand and now the Netherlands.

Related Posts

Buterin Says Ethereum Foundation Is Not the ‘Center’ of Ethereum

Ethereum co-founder Vitalik Buterin responded to growing criticisms of...

Coinbase does not fear competition from Wall Street, says exchange executive

Coinbase is not at all concerned with the increasing...

Crypto and the Fed: State of Crypto

The Federal Reserve published the latest version of its...

Former FTX Legal Advisor Fenwick & West Settles Lawsuit for $54M

Fenwick & West LLP, the principal law firm that...

Tom Lee’s Ethereum Portfolio Sits on $7.35B Loss as ETH Price Slumps

Tom Lee’s BitMine faces about $7.3 billion in paper...

A massive $1 trillion hidden market is waiting to be unlocked in bitcoin, says new report

Crypto lender Ledn says the consumer bitcoin-backed loan market...