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
