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SRIJ orders Polymarket to halt activity and leave Portugal

Enforcement & compliance

Portugal's SRIJ ordered Polymarket to stop operating and withdraw from the market after trading activity around the presidential election raised concerns about possible insider information, according to the report. The report says local media put trading across election markets at $4.3 million over a short period; Polymarket's odds on António José Seguro's victory reached 100% before the official result was announced.

The order requires Polymarket to stop offering its prediction markets in Portugal.

Earlier fines and penalties by NGCB

DateCompanyAmountStoryAppeal status
PolymarketNot statedNevada Gaming Control Board asks court to block Polymarket sports contractsNot stated
Not namedNot statedNevada gaming board recommends lifetime casino ban for Mathew BowyerNot stated
Not namedNot statedNevada Gaming Control Board nominates Mathew Bowyer for exclusion listNot stated
Resorts World Las VegasUSD 10,500,000Nevada board recommends Resorts World director’s licensure and Bowyer banNot stated
Not namedNot statedNevada gaming board nominates Wayne Nix for Black Book listingNot 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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