Polymarket files suit against the Hague Court seeking to overturn the Dutch ban.
52 minutes ago
According to a report by Financial Daily, Polymarket has filed a lawsuit with the Hague Court, seeking to overturn the Dutch ban on it and restore its market access. The Dutch Kansspelautoriteit (Ksa) classified Polymarket as an unlicensed gambling platform rather than a prediction market in February this year, ordering it to cease services to Dutch users. Since Polymarket suspended services past the deadline, Ksa has imposed a fine of 420,000 euros. Polymarket intends to argue in court that its event contracts are more similar to financial products such as futures, and should be regulated by the Authority for the Financial Markets (AFM) instead of Ksa.
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