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Polymarket Blacklisted in Romania for Illegal Crypto Wagering

Key Takeaways

  • ​Romania's gambling office has blocked access to Polymarket by citing illegal operations and the absence of a local license;
  • Over $600 million in election-related bets triggered concerns, with authorities classifying Polymarket’s format as unregulated gambling;
  • Despite using blockchain and crypto, the platform must follow Romanian gambling laws, which include licensing and user protections.

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Polymarket Blacklisted in Romania for Illegal Crypto Wagering

Romania’s gambling authority has taken steps to block access to Polymarket, a platform used for betting on future events using cryptocurrency.

The National Office for Gambling (ONJN) stated that the site was operating in the country without a license and outside legal supervision.

According to the ONJN, more than $600 million in bets were placed through Polymarket during this period. Officials described the platform’s setup as "counterpart betting", in which people put money on different outcomes of a prediction, such as election results.

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Although the service uses blockchain technology and digital currency, ONJN emphasized that it remains subject to Romania’s gambling laws.

Vlad-Cristian Soare, the president of ONJN, confirmed that the main issue is legality, not the technology involved. He explained that any form of betting, whether using traditional money or digital currencies, requires a license and proper monitoring under Romanian law.

The agency highlighted several problems with Polymarket’s operations. These include a lack of financial reporting, failure to protect users, and no clear anti-money laundering measures.

Despite Polymarket’s branding as a platform for trading opinions on real-world events, regulators said its structure fits the legal definition of gambling, especially since it takes a fee from users' wagers.

As a result, internet service providers in Romania are now required to block the site.

Recently, DraftKings announced that it will use Polymarket’s clearing services. What is it for? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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