Czech Republic bans Polymarket, the third European country to take regulatory action against the platform

According to Bitcoin News, the Czech Ministry of Finance officially listed the decentralized prediction market platform Polymarket on the "Unauthorized Online Gambling List" on July 13. The Czech gambling regulator requires internet service providers (ISPs) to complete access blocking for the platform within 15 days.

The Czech regulator stated that Polymarket lacks necessary oversight, its operations essentially fall under gambling products, and due to its decentralized nature and unlicensed operation, it bypasses local gambling legal frameworks, posing risks such as market manipulation using insider information and lack of risk control. Recently, several European regulators have continued to tighten control over Polymarket, with Italy re-adding it to the ban list and the Netherlands also rejecting the platform's appeal.