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Ukraine blocks Polymarket in wider online gambling crackdown
Source: CryptoNewsNet Original Title: Ukraine blocks Polymarket in wider online gambling crackdown Original Link: Ukraine ordered internet service providers to block access to prediction market Polymarket along with almost 200 online gambling websites.
The decision stems from a Dec. 10 resolution by the National Commission for State Regulation of Electronic Communications (NKEK), which the country’s internet service providers seemingly started enforcing now.
Under Ukrainian law, any website offering gambling, including prediction markets, is required to obtain a license to operate legally in the country. Prediction markets allow users to bet on the outcomes of events including politics, sports and financial results. Polymarket has been criticized in Ukraine for allowing bets on geopolitical events, including on developments related to Russia’s invasion of the country.