"the Kansspelautoriteit (Ksa) said it has issued a "last onder dwangsom" (order under threat of a fine) to Adventure One QSS Inc., the company behind the prediction-market platform Polymarket, for providing games of chance to people in the Netherlands without a proper licence. Under that order, the platform must block access for Dutch users right away. If it fails to do so, the regulator can levy a penalty of €420,000 per week. That amount can double once, reaching a maximum of €840,000."
"Ella Seijsener, director of licensing and supervision at the Ksa, said prediction markets are growing in popularity but "this kind of company offers bets that are not allowed on our market, even by licence holders. Beyond the societal dangers of these predictions - such as the possible influence on elections - we see this as illegal gambling. If you don't have a Ksa licence, you have no place on our market.""
The Kansspelautoriteit (Ksa) issued a last onder dwangsom to Adventure One QSS Inc., ordering Polymarket to block access for users in the Netherlands immediately. The order mandates an immediate block or a penalty of €420,000 per week, which can double once to a maximum of €840,000. The move follows earlier warnings and discussions after Dutch users remained able to access and use the service. Polymarket allows users to stake money on outcomes of real-world events, including political elections, and describes itself as a prediction market rather than a traditional betting site. The Ksa concluded the offerings meet the legal definition of a kansspel, requiring a Dutch licence, and cited societal dangers including possible influence on elections.
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