The Netherlands Gambling Authority issued a penalty order against Polymarket’s operator for unlicensed gambling, stressing regulatory focus on product functionality over platform self-identification.
The Netherlands Gambling Authority has issued a penalty order against Adventure One QSS Inc., operator of Polymarket, for offering illegal gambling services to Dutch users without a license. The enforcement specifies potential fines up to €840,000 if operations are not brought into compliance. In its ruling, the regulator emphasized evaluating gambling activity based on product functions rather than the platform’s self-definition, reinforcing strict oversight of unlicensed betting services.