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ACMA classifies Polymarket as unlicensed gambling in Australia

Enforcement & compliance

Australia’s ACMA reportedly concluded that Polymarket’s event-based wagers constituted gambling rather than financial products, placing the platform in breach of the Interactive Gambling Act. The regulator found nearly 1.9 million Australian visits over six months from November 2024 and said users could place bets on live sports. Polymarket’s operator, Adventure One QSS Inc., did not respond to preliminary findings; the platform was added to the blocked gambling websites list in August.

The finding treats Polymarket as unlicensed gambling, affecting the platform’s access to Australian users and enforcement exposure.

Earlier fines and penalties by ACMA

DateCompanyAmountStoryAppeal status
Tabcorp, LightningBetAUD 112,680ACMA finds six wagering providers breached BetStop rules in 2024Not stated
Vegastars, RainbetNot statedACMA investigates offshore betting promotions linked to Australian OpenNot stated
PolymarketNot statedPortugal’s SRIJ orders Polymarket to stop accepting users within 48 hoursNot stated

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Enforcement & compliance

Ohio regulator orders Robinhood Derivatives to halt sports-event contracts by 16 October

The Ohio Casino Control Commission has reiterated that Robinhood Derivatives must obey its cease-and-desist order by 16 October. The order concerns sports-event contracts, and Ohio issued similar notices to nine other firms.

The Ohio Casino Control Commission has restated its cease-and-desist order against Robinhood Derivatives concerning sports-event contracts and said the company must comply by 16 October, according to a report. The order was reasserted as state pressure on prediction-market platforms continues.

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