Ukraine has gone forward to limit entry into Polymarket, which is additional escalating an increasing world crackdown on prediction markets that regulators are more and more contemplating to be unlawful playing or derivatives buying and selling.

The ruling has drawn recent scrutiny to the fast-growing crypto platform, elevating questions on whether or not markets tied to real-world occasions can function alongside nationwide playing, monetary, and public coverage guidelines, particularly on issues involving struggle and geopolitics.

The ban was issued on Dec. 10, 2025, by Ukraine’s Nationwide Fee for the Regulation of Digital Communications beneath Decision No. 695.

The order requires web service suppliers to limit entry to on-line assets that manage, conduct, or facilitate playing actions with out a legitimate home license.

Struggle-Linked Bets Push Ukraine to Ban Polymarket

As a part of the enforcement, the area polymarket.com was added to Ukraine’s public register of blocked web sites, successfully reducing off entry for customers contained in the nation.

Native media reported the enforcement on Monday, confirming that the block is now energetic.

Ukrainian officers have pointed to Polymarket’s function in facilitating wagers on geopolitical outcomes linked to Russia’s invasion as a key issue behind the transfer.

Whereas Polymarket doesn’t supply fastened odds like conventional sportsbooks, regulators argue that the excellence is essentially technical.

The platform permits customers to purchase and promote shares linked to particular outcomes, with costs reflecting the market’s implied chance.

In Ukraine’s view, this construction nonetheless constitutes playing when supplied with out authorization, particularly when the underlying occasions contain an energetic navy battle.

Polymarket, based in 2020 by Shane Coplan, has grown into one of the vital outstanding prediction platforms globally, with an estimated valuation of round $8 billion.

All exercise on the platform is performed utilizing the USDC stablecoin on the Polygon blockchain, making transactions and settlements publicly seen.

Supporters typically level to this transparency as a key distinction from offshore betting websites, however regulators throughout a number of jurisdictions have remained unconvinced.

Ukraine’s motion locations it amongst a rising checklist of jurisdictions which have restricted or totally blocked Polymarket.

The platform is at the moment inaccessible in a minimum of 33 international locations, together with the US, the UK, France, Germany, Italy, Poland, Singapore, Australia, Iran, and Russia.

In some areas, entry is partially restricted, permitting customers solely to shut present positions whereas barring new trades.

Polymarket’s personal documentation attributes these limits to a mixture of worldwide sanctions, native playing legal guidelines, monetary rules, and anti-money laundering necessities.

Prediction Markets Face Rising International Crackdown

The Ukrainian block additionally displays a broader world push to rein in prediction markets as their attain and affect develop. In the US, scrutiny has intensified in current weeks.

On Jan. 9, the Tennessee Sports activities Wagering Council issued cease-and-desist letters to Polymarket, Kalshi, and Crypto.com.

Regulators accused the platforms of working unlicensed sports activities wagering merchandise in violation of state legislation, regardless of their registration with the Commodity Futures Buying and selling Fee as designated contract markets.

On the federal stage, issues have prolonged past licensing into questions of public integrity. On Jan. 6, New York Consultant Ritchie Torres introduced plans to introduce the Public Integrity in Monetary Prediction Markets Act of 2026.

The enforcement actions come at a time when Polymarket is trying to reestablish a foothold within the U.S. market.

After exiting the nation in 2022 and paying a $1.4 million penalty to settle CFTC allegations, the platform has been testing a restricted U.S. alternate following its acquisition of QCX LLC and the securing of a chosen contract market license.

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