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Argentina bans Polymarket, calling it an unlicensed betting site, after suspicious activity before inflation data release.
A Buenos Aires court has ordered Argentina to block access to the crypto prediction platform Polymarket, citing its operation as an unlicensed online betting system.
The ruling, based on an investigation by local gambling authorities, followed suspicious betting activity ahead of the release of Argentina’s February inflation data, which some believe indicated insider knowledge.
The platform, which allows users to bet on real-world events using cryptocurrency and credit cards without age or identity verification, is now banned nationwide.
Telecom providers and tech giants Google and Apple have been directed to enforce the block.
This follows similar actions in Colombia, Singapore, and several European countries, reflecting growing global regulatory scrutiny of prediction markets.
Argentina prohíbe Polymarket, llamándolo un sitio de apuestas sin licencia, después de una actividad sospechosa antes de la publicación de datos de inflación.