{"id":178421,"date":"2025-11-02T13:05:22","date_gmt":"2025-11-02T11:05:22","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=178421"},"modified":"2025-11-02T13:01:48","modified_gmt":"2025-11-02T11:01:48","slug":"romania-bans-polymarket-for-operating-unlicensed-crypto-betting-platform","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/romania-bans-polymarket-for-operating-unlicensed-crypto-betting-platform\/","title":{"rendered":"Romania Bans Polymarket for Operating Unlicensed Crypto Betting Platform"},"content":{"rendered":"<p>Authorities estimate that wagers placed through the site exceeded $600 million, triggering the intervention of the National Office for Gambling (ONJN).<\/p>\n<p>According to the agency, Polymarket\u2019s system \u2013 where users stake funds against each other on political and real-world outcomes \u2013 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 \u201cis not about technology but legality,\u201d stressing that all betting platforms must hold a national license to operate.<\/p>\n<p>The <strong><a href=\"https:\/\/onjn.gov.ro\/\" rel=\"nofollow\">decision<\/a><\/strong> followed concerns over missing tax reporting, weak anti\u2013money laundering oversight, and the absence of consumer safeguards. Internet providers in Romania have been ordered to block the platform entirely.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-178397\" href=\"https:\/\/cryptodnes.bg\/en\/malaysia-enters-the-tokenization-race-with-a-three-year-national-roadmap\/\" title=\"Malaysia Enters the Tokenization Race With a Three-Year National Roadmap\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/11\/pexels-thilipenravekumar-1625603-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Malaysia Enters the Tokenization Race With a Three-Year National Roadmap<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Polymarket, which describes itself as an \u201cevent trading\u201d hub rather than a betting site, has faced similar resistance elsewhere. U.S. regulators fined it in 2022 for running unregistered derivatives markets, while France, Belgium, Poland, Singapore, and Thailand have imposed their own restrictions.<\/p>\n<p>Despite ongoing scrutiny, the platform continues to draw major backing, including a recent $2 billion investment from Intercontinental Exchange, the parent company of the NYSE. Polymarket reportedly plans to return to the U.S. market soon, focusing first on sports-related wagers after receiving a favorable regulatory signal from the CFTC.<\/p>\n<p>Romania\u2019s move underscores a broader trend: as crypto-based prediction markets grow, regulators worldwide are becoming less tolerant of operations that blur the line between speculation and unlicensed gambling.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s elections.<\/p>\n","protected":false},"author":9,"featured_media":141088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[25],"tags":[424],"coin_category":[],"class_list":["post-178421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulations","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Romania Bans Polymarket for Operating Unlicensed Crypto Betting Platform - CryptoDnes EN<\/title>\n<meta name=\"description\" content=\"Romania has become the latest country to move against Polymarket, blocking access to the popular blockchain-based...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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