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KSA considers action against Polymarket over Dutch prediction betting

Enforcement & compliance

The KSA said it considers prediction markets such as Polymarket to offer gambling under Dutch law and is weighing next steps over the platform’s availability in the Netherlands. Polymarket lacks a KSA licence, and the authority disputes such platforms’ position that they operate as financial exchanges.

Any enforcement action could affect access to unlicensed prediction markets for users in the Netherlands.

Earlier fines and penalties by KSA

DateCompanyAmountStoryAppeal status
Not namedEUR 25,000KSA seeks €25,000 penalty from LeftlanePapi for illegal gambling promotionNot stated
Not namedNot statedDutch appeals court upholds convictions in illegal gambling network caseNot stated
GammixEUR 19,700,000KSA upholds €19.7m fine against Gammix in the NetherlandsNot stated
Not namedEUR 75,000KSA orders three influencers to remove unlicensed gambling promotionsNot stated
Not namedNot statedKVA joins Dutch alliance targeting illegal online gamblingNot stated

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