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Argentina court orders nationwide block of Polymarket over gambling

An Argentine court has ordered a nationwide block of the crypto-based prediction market platform Polymarket, citing unauthorized gambling operations. The ruling, issued by a Buenos Aires court on March 11, instructed the national communications regulator ENACOM to restrict access to the platform and its variants across the country. The investigation was initiated following a complaint by the Buenos Aires City Lottery (LOTBA), which raised concerns over insufficient identity and age verification, potentially allowing minors to gamble. The court also directed Apple and Google to remove Polymarket’s mobile apps in Argentina. This action follows earlier scrutiny of the platform, particularly regarding its inflation prediction markets, which closely mirrored official data and sparked insider trading concerns. Similar restrictions have been implemented in other countries, including Colombia in Latin America.

cointelegraph03/17 11:12

Argentina court orders nationwide block of Polymarket over gambling

cointelegraph03/17 11:12

Argentina Bans Polymarket Over Illegal Gambling Concerns Following Colombia

Argentina has blocked the prediction market platform Polymarket following a court ruling in Buenos Aires that declared its operations illegal under the country's gambling regulations. Authorities have directed internet service providers and app stores to restrict access to the platform. Officials raised concerns over the use of cryptocurrencies for betting and the lack of user identity checks, which could allow minors to participate. The decision follows similar action taken by Colombia, where Polymarket was also classified as an illegal gambling operation for failing to meet licensing requirements. The case reflects growing global regulatory scrutiny of crypto-based prediction markets, which are increasingly being treated as gambling platforms due to their structure and potential risks to market integrity.

TheNewsCrypto03/17 09:50

Argentina Bans Polymarket Over Illegal Gambling Concerns Following Colombia

TheNewsCrypto03/17 09:50

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