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KSA rejects Polymarket appeal and retains Dutch gambling classification

Regulation

The Kansspelautoriteit (KSA) rejected an appeal by Adventure One QSS Inc., the company behind Polymarket, and maintained that its prediction markets fall under Dutch gambling law. The decision, published on 23 June, leaves enforcement possible if the operator does not meet local licensing requirements, according to the regulator’s reported reasoning.

The ruling means Polymarket remains subject to Dutch gambling rules and licensing requirements.

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Regulation

US election leaves prediction market legal disputes before courts

The US mid-term election brought Democrats control of the House and Senate, while state regulators and prediction-market operators continue to dispute the legality of sports event contracts. New Jersey Attorney General Jennifer Davenport asked the Supreme Court in September to review whether federal law prevents states from regulating those contracts; a law professor quoted in the report said he expects the court to hear the challenge.

New Jersey Atty. Gen. Jennifer Davenport petitioned the Supreme Court in September to consider whether states may regulate sports offerings on prediction markets. Democrats took control of both the House and the Senate in the mid-term election.

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