The authority said it has launched proceedings against the platform’s operator on suspicion of organizing prohibited gambling. The measure is temporary and will remain in effect until a final, legally binding decision is made in the case, Index.hu writes, citing a report by crypto news site Bitcoinbázis.
The restriction primarily affects users accessing the internet from Hungarian IP addresses. The website remains accessible through the use of virtual private networks, the authority said.
Polymarket is a global prediction market platform where users place bets on the outcomes of real-world events using cryptocurrency. Daily trading volumes on the platform reportedly reach billions of dollars. Markets cover a wide range of topics, including sports events, political developments and financial market decisions.
The authority emphasized that the ban is not permanent at this stage and is linked to the ongoing investigation. No timeline has been given for a final decision.
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