The Czech Republic has become the latest European country to block Polymarket as unlicensed gambling, adding the crypto-based prediction market to its official blocklist and giving internet providers 15 days to cut access.
Key Takeaways
Czech Finance Ministry added Polymarket to its List of Unauthorized Internet Games on July 13.Internet providers have 15 days to block access; the ministry’s blocklist already covers several thousand sites.The decision is days after Gibraltar launched the world’s first dedicated prediction-market regime.Řehola also pointed to a risk specific to the format: because contracts settle on real-world outcomes, they create an incentive to influence those events or to trade on non-public information – the prediction-market equivalent of insider trading. That concern has shadowed Polymarket elsewhere, following episodes in which traders profited from contracts on geopolitical and security events.
