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Dutch regulator classifies prediction markets as online gambling

Enforcement & compliance

The Dutch gambling regulator treats prediction markets as online gambling, according to a report citing blockchain expert Boersma. The report says Polymarket operates in the Netherlands without a licence and received a conditional order earlier this year; users can view markets but cannot place new bets.

The classification and access restriction affect prediction-market operators and users in the Netherlands.

Earlier fines and penalties by KSA

DateCompanyAmountStoryAppeal status
Legs Eleven LimitedNot statedKSA warns Bingo Loco organisers over Dutch gambling formatNot stated
HVD SpeelautomatenNot statedDutch Council of State upholds KSA revocation of HVD Speelautomaten licenceNot stated
JOI Gaming, JVH gaming & entertainmentNot statedKSA addresses JOI Gaming over PDC link to JACKS.nlNot 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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