Romania: Regime Regulator Blacklists Polymarket Over Election Wagers

Source: Gadgets 360 [India]

“Romania’s National Office for Gambling (ONJN) has officially blacklisted leading blockchain-based prediction market Polymarket, citing its operation as an unlicensed gambling platform outside state oversight. The regulator’s action follows a significant spike in cryptocurrency-based wagering during the local and presidential elections in Romania, when Polymarket’s trading volume topped $600 million (roughly Rs. 53,200 crore). Authorities stated that, despite the platform’s use of blockchain technology, its structure and activities fall under the country’s gambling laws.” (11/03/25)

https://www.gadgets360.com/cryptocurrency/news/polymarket-banned-by-romanian-regulator-for-illegal-crypto-betting-amidst-600-million-election-wagers-crypto-news-9567657