Prediction market platform Polymarket is reportedly pushing back against being classified as a gambling website in Europe. According to Engadget, the company has been in discussions with regulators, arguing that its service—where users bet on the outcomes of real-world events—should not be treated under the same rules as traditional gambling.
The distinction matters because gambling regulations in Europe are strict and vary by country, often requiring licenses and imposing consumer protections. If Polymarket is instead viewed as a financial or information product, it could face a lighter regulatory path and keep its current model intact.
The report does not specify which nations Polymarket has approached or how regulators have responded. Still, the lobbying effort signals that the company sees classification as a key risk to its growth in the region.