Argentina has formally turn out to be the most recent nation to ban Polymarket, a famend prediction market platform. The nation has issued a nationwide ban on Polymarket, citing considerations over the platform’s alleged unlawful playing practices.
With this transfer, Argentina has joined a rising variety of countrie, which prohibit prediction market platforms like Polymarket and Kalshi. Colombia is the primary Latin American nation to dam the platform and Argentina follows because the second.
Argentina Blocks Polymarket Over Unlawful Playing Issues
Current experiences reveal the rising scrutiny over prediction market platforms like Polymarket. Within the newest growth, Argentina bans Polymarket, alleging that it supplied unlicensed betting providers, even to minors.
The choice to dam Polymarket got here after the platform apparently projected Argentina’s February inflation fee of two.9% earlier than it was formally introduced. Stories say that the platform instantly modified its prediction simply quarter-hour earlier than the information was launched. This raised suspicion amongst authorities.
After this incident, a courtroom in Buenos Aires requested the telecom regulator ENACOM to work with web service suppliers to dam entry to Polymarket. The authority has additionally requested Google and Apple to take away the platform apps, blocking entry to Argentine customers.
Thus, the investigation concluded that the platform operated as a web-based betting system disguised as a prediction market. The regulators imposed extreme enforcement measures after they found these violations.
Not too long ago, Polymarket closed down its prediction market, which enabled customers to wager on nuclear weapon detonation possibilities. The platform eliminated the market as a result of it obtained main backlash throughout the US-Iran battle escalation interval.
International Strain Mounts on Prediction Markets
Argentina’s crackdown on Polymarket marks only a chapter within the rising world scrutiny over prediction market platforms. Platforms like Polymarket and Kalshi are going through rising regulatory points all around the world.
In Latin America, Argentina is the second nation to ban the platform, following Colombia. Citing related considerations, the nation shut down Polymarket final 12 months. In October 2025, regulator Coljuegos president Marco Emilio Hincapié said,
“We wish to inform Colombians that this web site is unlawful and doesn’t have the required permits to function on-line gaming in Colombia. Subsequently, we now have requested that the positioning be blocked and have opened an investigation into these chargeable for this criminality.”
The platforms are additionally going through challenges throughout the US. State regulators have been warning them in opposition to alleged unregulated betting providers. As CoinGape reported, Kalshi confronted a lawsuit in Oregon for working an “unlawful on-line playing enterprise” in February 2026.
In one other main incident, a lawsuit has been filed in opposition to Kalshi after merchants mentioned they weren’t paid for bets on whether or not Ali Khamenei would step down. Customers declare the platform paused a $54 million market and withheld payouts throughout the Iran warfare.
