Romania’s National Office for Gambling blacklists Polymarket, labeling it an unlicensed gambling platform. Trading volume during elections exceeded $600 million. The platform engages in “counterpart betting,” considered gambling under Romanian law. Polymarket faces restrictions and fines in multiple countries, yet secures a $2 billion investment from Intercontinental Exchange.

Polymarket faces backlash in the US and abroad for operating unregistered derivatives markets. Regulators in various countries restrict access to the platform. Despite challenges, Polymarket secures a $2 billion investment. The platform plans to resume limited trading in the US, focusing on sports markets, following a recent no-action letter from the CFTC.

Romania’s ONJN cites violations by Polymarket, leading to the platform being blocked by internet providers. Polymarket faces similar actions in the US and other countries for operating unregistered markets. Despite setbacks, the platform plans to relaunch trading in the US, focusing on sports-related markets.

Read more at Cointelegraph: Romania Blacklists Polymarket for Illegal Crypto Betting