Ukrainian authorities restrict Polymarket access: prediction platform shut down due to unlicensed operation

HashBandit · 2026-01-12T15:00:11+00:00

Ukrainian regulators have blocked the prediction platform Polymarket in accordance with a resolution, deeming it an illegal gambling operation due to lack of an operating license. Although the blockade has been implemented, some users can still access the website. The platform's betting volume in Ukraine exceeds $270 million, demonstrating its popularity.

HashBandit

2026-01-12 15:00:11

Abstract generation in progress

【Crypto World】Prediction platform Polymarket encounters access restrictions in Ukraine. According to reports on January 12, the National Commission for the State Regulation of Electronic Communications of Ukraine (НКЕК) has decided to block the platform’s domain name and listed it as a prohibited internet resource in accordance with Resolution No. 695.

The regulatory authority’s reason is clear—Polymarket lacks the necessary operating license and is deemed to be engaged in unlicensed gambling activities. According to relevant regulations, electronic communication service providers must restrict users’ access to such illegal online resources.

Interestingly, the enforcement of this blockade is not thorough. Some Ukrainian users can no longer log in to the website, but others have reported that they can still access it normally—indicating inconsistent implementation of restrictions across different regions.

In terms of data, Polymarket remains popular in Ukraine. As of December 24, the platform has completed approximately 240 bets related to Ukraine, totaling over $270 million. Among these, 120 bets are active, with a total amount exceeding $140 million. This shows that many Ukrainian users are using this platform for prediction trading.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes