Polymarket has once again been put on Italy’s list of illegal betting sites after the Customs and Monopolies Agency (ADM) announced that the site was operating without a license.
As a result, Polymarket is classified together with other unlicensed betting companies, despite the fact that it has always claimed to provide financial products, not betting options.
The decision was welcomed by Stefano Tino, who said:
I was pleased to learn that Polymarket has now been added, again, to the ADM blacklist of unauthorised gambling websites in Italy. I would like to congratulate the Italian regulator for reaffirming what I believe is a fundamental principle of every regulated market: the same rules must apply to everyone.
The platform was previously banned in 2025, but restarted the operation after resolving the legal issue with the authority. After the last decision on the issue, it is expected that the case will be referred to the Rome Public Prosecutor’s Office.
Tino also said:
Licensed operators invest significant resources to obtain and maintain their licences, comply with AML and responsible gambling obligations, implement consumer protection measures, undergo continuous regulatory oversight and contribute substantial tax revenues. It is only fair that they compete on a level playing field. A regulatory decision should have consistent consequences across the entire legal framework. Otherwise, the market receives mixed signals.
The positioning of Polymarket in the illegal betting market can lead to the consequences for its sponsorship agreement with S.S. Lazio, as the country’s law prohibits the advertising of unlicensed betting operators.
