Polymarket sues Netherlands to overturn Dutch ban
- —Polymarket is challenging its Dutch ban in court
- —The company argues prediction contracts are financial products, not gambling
- —The Ksa ordered Polymarket to stop and fined it €420,000
- —The platform runs on Polygon and uses pUSD, a stablecoin backed 1:1 by USDC
Why it matters: The ruling will decide whether prediction markets fall under gambling or financial supervision in the EU.
Source: Crypto Insiders