Romania Bans Polymarket for Operating Unlicensed Crypto Betting Platform
Romania has become the latest country to move against Polymarket, blocking access to the popular blockchain-based prediction platform after what regulators described as an explosion of crypto betting tied to the nation’s elections.
Authorities estimate that wagers placed through the site exceeded $600 million, triggering the intervention of the National Office for Gambling (ONJN).
According to the agency, Polymarket’s system – where users stake funds against each other on political and real-world outcomes – falls squarely under gambling law, regardless of whether bets are made in crypto or local currency. ONJN chief Vlad-Cristian Soare emphasized that the case “is not about technology but legality,”…
