PANews reported on November 1st that, according to DL News, Romanian authorities have blacklisted Polymarket for operating without a license. The Romanian National Gambling Authority (ONJN) determined that betting on prediction markets constitutes counterparty betting, not trading. In Romania, the gambling industry is a state monopoly, and operators must apply for and obtain a license from the ONJN to operate. The ONJN director stated in a statement: "The decision to blacklist Polymarket is not related to technology, but to the law."PANews reported on November 1st that, according to DL News, Romanian authorities have blacklisted Polymarket for operating without a license. The Romanian National Gambling Authority (ONJN) determined that betting on prediction markets constitutes counterparty betting, not trading. In Romania, the gambling industry is a state monopoly, and operators must apply for and obtain a license from the ONJN to operate. The ONJN director stated in a statement: "The decision to blacklist Polymarket is not related to technology, but to the law."
Romania blacklisted Polymarket for operating without a license.
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PANews reported on November 1st that, according to DL News, Romanian authorities have blacklisted Polymarket for operating without a license. The Romanian National Gambling Authority (ONJN) determined that betting on prediction markets constitutes counterparty betting, not trading. In Romania, the gambling industry is a state monopoly, and operators must apply for and obtain a license from the ONJN to operate. The ONJN director stated in a statement: "The decision to blacklist Polymarket is not related to technology, but to the law."
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