Lithuania has taken decisive action against Polymarket, directing the blocking of the prediction markets platform due to its provision of unlicensed online gambling services. This ruling came from Lithuania's Gambling Supervisory Authority, which operates under the Ministry of Finance's regulations. The Vilnius Regional Administrative Court authorized the orders to block Polymarket, recognizing the authority's concerns about circumventing illegal remote gambling restrictions by preventing access through internet service providers.
Polymarket marks the first prediction markets site to face a block in Lithuania. As part of its investigation, the Gambling Supervisory Authority opened and funded an account with Polymarket, placing fixed-odds wagers on various sports events. Following this probe, the authority determined that Polymarket was engaging in illegal gambling activities, confirming that it does not hold a gambling license in Lithuania. The court supported the authority's findings, validating the measures taken against internet service providers to restrict user access to the site.
