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KSA upholds gambling classification for Polymarket in the Netherlands

Regulation

The Kansspelautoriteit rejected an appeal by Adventure One QSS Inc and reaffirmed that Polymarket’s event-outcome trading products fall under Dutch gambling law, reportedly. The regulator said the ruling, published on 23 June, leaves the platform subject to local regulation and enforcement if it does not comply. Adventure One argued that the service enables peer-to-peer financial trades rather than gambling.

The decision sets out the regulator’s position on Polymarket’s Dutch operations and the risk of enforcement for non-compliance.

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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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