Quick Overview
- Polymarket allows users to bet on the outcomes of future events, such as elections, sports matches, the weather, or political decisions.
- In July 2026, the Ministry of Finance classified the platform as an unauthorized online gambling site.
- Internet service providers must block access to the domains listed on the ministry’s list.
- Bank accounts used to operate unauthorized gambling sites and the apps through which the games are accessible can also be blocked.
- As a rule, the law does not impose a fine on ordinary players merely for participating in an unauthorized online game. However, legal and financial protection is significantly weaker than that provided by licensed operators.
If you had money deposited on Polymarket, are dealing with unpaid winnings, or are unsure about your tax obligations, have a lawyer assess your situation. With foreign platforms, it depends on the terms of the specific transaction and on who can realistically be held liable.
What Is Polymarket and How Does It Work?
Polymarket is an online prediction platform where users trade on the outcomes of future events. For example, they can predict:
- who will win the election,
- whether the central bank will lower interest rates,
- whether a certain politician will resign,
- the outcome of a sports game,
- whether a specific international or security event will occur.
Users typically choose between “yes” and “no.” The price of a given position changes based on how other participants assess the probability of that outcome. Once the event is resolved, those who bet on the correct option receive a payout.
At first glance, the platform may resemble trading on a financial market. From a legal standpoint, however, neither the name of the service nor the technology used is decisive. What matters is how the product actually works.
Are you solving a similar problem?
Not sure how to get your money from Polymarket?
Please describe your situation and send us any available documentation. We will contact you within 24 hours and suggest the next steps.
I need some advice
- When you order, you know what you will get and how much it will cost.
- We handle everything online or in person at one of our 6 offices.
- We handle 8 out of 10 requests within 2 working days.
- We have specialists for every field of law.
Why Czech Authorities Consider Polymarket to Be Gambling
The Gambling Act defines gambling as a game, bet, or lottery in which a participant places a wager whose return is not guaranteed, and in which winning or losing is determined wholly or partly by chance or an unknown circumstance.
It is precisely this unknown circumstance that is fundamental to prediction markets. It need not be a randomly drawn number. The outcome may also depend on the results of an election, an announcement by the government, or the occurrence of another predefined event.
Furthermore, Czech law also applies to online games operated from abroad if they are accessible to users within the territory of the Czech Republic. A foreign operator cannot, therefore, avoid Czech regulation simply by not having its headquarters or servers in the Czech Republic.
Online gambling may be legally offered in the Czech Republic only if statutory conditions are met and based on the appropriate license. Polymarket did not have such a license. The Ministry of Finance therefore added its website to the list of unauthorized online gambling sites.
What Happened in July 2026
The Ministry of Finance added Polymarket to the list of unauthorized online games in July 2026. The media reported on the platform’s inclusion, noting that internet service providers subsequently have a statutory deadline to restrict access.
The Ministry regularly publishes the public portion of the list, which may include:
- websites,
- bank and other payment accounts,
- identifiers of mobile or computer applications,
- data necessary to implement the block.
As of July 20, 2026, the Ministry published an updated version of the list in accordance with the Gambling Act.
This is not, therefore, a ban on the entire technology of prediction markets or public probability surveys. The measure targets a specific service operated without the license required by Czech law.
Tip for article
Tip: How do cryptocurrencies work, and which ones can you choose from? You’ll learn all this and more in our article.
How the Polymarket Blockade Works
Being added to the list does not simply mean that the ministry will issue a warning. The law imposes obligations on several groups of providers.
Internet service providers must block access
Internet service providers may not allow access to websites listed on the list. The block applies to specific addresses or domains registered with the Ministry of Finance.
In practice, therefore, a Czech user may find that a website stops loading or displays a message stating that access has been restricted due to Czech law.
However, the block may not take effect at all providers at the same time. It depends on the effective date of the registration and the statutory period for implementing the technical measure.
Related payments may be blocked
If the ministry also adds a specific payment account to the list, payment service providers are prohibited from processing transactions in its favor or at its expense.
This may complicate:
- depositing additional funds,
- withdrawing money,
- transferring funds to the operator,
- refunds via standard payment channels.
Polymarket relies heavily on cryptocurrency infrastructure. However, this does not automatically mean that Czech regulations do not apply to the service. The legal assessment of gambling operations does not depend solely on whether bets are paid in Czech korunas, euros, or digital assets.
The application may also be restricted
Operators of online stores and other electronic interfaces are prohibited from distributing an app whose identifier has been added to the list of unauthorized games.
As a result, the app may disappear from the selection available to Czech users or become unavailable for download and updates.
Under the Gambling Act, internet service providers, payment service providers, or operators of electronic interfaces may face a fine of up to one million crowns for failing to comply with obligations related to blocking.
Tip for article
Tip: Money Laundering —Can You Be Punished Even for Unwitting Involvement? Read more.
Is a person who placed bets at Polymarket also at risk of a fine?
The mere participation of an ordinary user in an unauthorized online game is not generally defined by law as an offense that would automatically result in a fine.
The law primarily penalizes:
- the illegal operation of games of chance,
- making such games available for the purpose of financial gain,
- promotion that violates legal regulations,
- violations of the obligations of internet and payment service providers,
- certain specific acts by participants, such as prohibited betting by persons involved in a sporting event.
A different situation could arise if a person were to make an unauthorized gambling platform available to others, facilitate its operation, or participate in the operator’s activities for profit.
Simply opening an account and placing bets on the platform therefore does not usually mean that the player will be fined by the state. However, this certainly does not mean that using an unauthorized platform is risk-free.
What to Do If You Have Money on Polymarket
The blocking of the website itself does not close your account or automatically return your deposited funds to you. From a practical standpoint, however, it can significantly complicate access to your account or the process of making a withdrawal.
If you have money on the platform or open positions that haven’t been settled yet:
- Keep all documentation. Download your transaction history, betting overview, deposit confirmations, and communications with customer support.
- Record your account balance. Take screenshots of your balance and open positions.
- Verify standard withdrawal options. Use only legitimate methods and do not send additional money to “unlock” your account.
- Review the terms and conditions. It is particularly important to note which legal entity you entered into the contract with and which law applies.
- Beware of fraudulent intermediaries. After such platforms are blocked, fake consultants often appear, promising to recover your money in exchange for an advance payment.
- For larger amounts, consult an attorney. It is necessary to assess whether an enforceable claim exists, against whom it is directed, and in which country it would be pursued.
In practice, the biggest mistake users make is failing to save their account history, leaving all information solely within the foreign platform. Once access is restricted or the operator blocks the account, proving the amount of the claim becomes significantly more difficult.
Do you need help with unpaid funds or to assess the terms and conditions of a foreign platform? A lawyer can investigate who operates the service, what law governs the contractual relationship, and whether there is a realistic chance of recovering the money.
Tip for article
Tip: Cryptocurrencies are becoming an increasingly popular investment. Read about when and how cryptocurrencies are taxed.
Summary
In July 2026, the Ministry of Finance added Polymarket to the List of Unauthorized Online Gambling Sites because the platform allowed Czech users to place bets on future events without the necessary license under the Gambling Act. Internet service providers must restrict access to listed websites, and the block may also apply to payment accounts or apps. As a rule, ordinary users do not face a fine simply for placing bets on the platform. However, they do face a significant practical risk: they may lose access to their account, encounter problems withdrawing funds, and find it difficult to enforce their claims against a foreign operator.
Frequently Asked Questions
Is Polymarket legal in the Czech Republic?
No. In July 2026, the Ministry of Finance added it to the List of Prohibited Online Gambling Sites. The platform does not have the license required to legally offer online gambling to Czech users.
Will I get a fine if I gambled at Polymarket?
The law generally does not impose an automatic fine on ordinary players simply for participating in an unauthorized online game. Penalties are primarily imposed on operators and entities that make unauthorized games available or violate obligations related to blocking such games.
Will I lose money if my page gets blocked?
Not automatically. However, a freeze can make it difficult to access your account and withdraw funds. Therefore, save your transaction history, account balance, and all communication with the service provider as soon as possible.
Is using Polymarket via a VPN a crime?
The law does not explicitly impose a separate penalty on ordinary players for using a VPN to access a blocked website. However, doing so may violate the platform’s terms of service and reduce your chances of getting a refund.
Why is Polymarket considered gambling if it uses cryptocurrencies?
Neither the currency used nor the technology involved is decisive. What matters is that the user wagers funds, their return is not guaranteed, and the outcome depends on a future, unknown event.