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The Dutch gambling regulatory authority Kansspelautoriteit has determined that Polymarket is providing gambling services to Dutch users without obtaining the necessary local license, violating the Gambling Act, and has demanded that they cease related operations. The regulator stated that Dutch users can register, deposit, and place bets on the platform, which constitutes a "chance game" that requires a license to operate. If Polymarket does not make the necessary adjustments, it could face a fine of €420,000 per week, with a maximum of €840,000. Polymarket claims that it is a prediction market and not traditional gambling, but the regulatory agency has rejected this claim. (Decrypt)