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Polymarket Reportedly Lobbies European Nations to Avoid Gambling Label
Key Takeaways
- Polymarket is reportedly lobbying European nations to keep from being classified as a gambling website.
- The platform enables people to bet on the outcomes of events but tells regulators it is not for gambling.
- A gambling designation would affect licensing, advertising, payment partners, and which regulator oversees the company.
- The reported effort targets multiple countries, suggesting rules are handled jurisdiction by jurisdiction.
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DT Editorial Team··via engadget.com