Kansspelautoriteit (KSA) warned Adventure One QSS, the operator of the Polymarket brand in the Netherlands, that it would be sanctioned with a weekly fine of €420,000 should it continue to operate in the country, with a maximum penalty of €840,000.
A zero-tolerance approach to illegal gambling sites is one of the key goals set out by the government in its recently published ‘Getting started, Building a better Netherlands’ coalition agreement, with KSA now expanding this action to include prediction markets.
KSA highlighted how Polymarket has been in the news recently, particularly surrounding wagering on the Dutch elections. Polymarket staunchly denies that it falls in the gambling category.
Despite being contacted about its illegal activity in the Netherlands, no changes have occurred to Polymarket’s offering in the country and as such, an orde..