Ukraine faces a legal deadlock regarding Web3 prediction markets, resulting in the blocking of Polymarket and similar platforms amid gambling law concerns and wartime priorities.
Ukraine has blocked Polymarket, classifying it as an unlicensed gambling operator due to the lack of legal recognition for Web3 prediction markets. Despite this, there are no penalties for users accessing the platforms via VPNs. Legal reforms are unlikely amidst the ongoing war. The ban was triggered by war-related bets on the Russia-Ukraine conflict, with other platforms like Kalshi and PredictIt operating in a legal gray area.