Argentina has restricted user access to Polymarket, the decentralized prediction market platform, according to reports from local crypto news outlet Criptonoticias. The move represents another regulatory action targeting crypto-related services in the South American nation.
Polymarket, built on the Polygon blockchain, allows users to trade contracts based on the outcomes of real-world events including political elections, sports competitions, and economic indicators. The platform has grown into one of the largest prediction markets globally, with millions of dollars in trading volume. Argentina's blocking of the service follows a pattern of increased regulatory scrutiny of decentralized finance and crypto platforms across Latin America.
The restriction underscores growing tension between national regulators and decentralized platforms that operate without traditional geographical limitations. While specific details regarding the duration or scope of Argentina's blockade remain unclear, the action signals the government's intent to control access to unregulated financial instruments within its jurisdiction.