Polymarket faces global regulatory tightening. Ukraine has recently added it to the national ban list, citing that the platform operates without a license and is suspected of illegal gambling. Regulatory authorities are particularly dissatisfied with the existence of betting markets on the platform regarding the outcome of the Russia-Ukraine conflict.

This is not an isolated case. To date, Polymarket has been restricted in 34 countries, including France, Germany, and the UK. Regulatory attitudes towards decentralized prediction markets are becoming increasingly strict worldwide—especially when these platforms involve sensitive topics such as politics and military affairs. From exchanges to derivatives platforms, from DeFi protocols to prediction platforms, the Web3 industry is experiencing an unprecedented wave of regulation. This makes the compliance path increasingly complex for crypto projects looking to expand into global markets.