Czech Republic Bans Polymarket, Demands Blocking of Illegal Gambling Platform

On July 13, the Czech Ministry of Finance added Polymarket to its list of unauthorized online gaming sites, requiring internet service providers to block the platform within 15 days, making it the latest European country to take action against Polymarket. Jan Řehola, director of the Czech Gambling Regulatory Authority, stated that legitimate gambling countries can identify operators, participants, and suspicious bets, and have player protection mechanisms in place. In contrast, prediction markets allow betting on almost any event without corresponding regulation, which he described as an unregulated gambling product. He pointed out that contracts are settled based on real outcomes, which may incentivize influencing events or trading on non-public information.

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