A Buenos Aires court has imposed a full block on Polymarket across Argentina. On March 16, 2026, Judge Susana Parada ruled that all local internet service providers and app stores must prevent access to the prediction market platform. The order covers mobile networks and home broadband connections.
The case originated from a complaint filed by LOTBA, the local gambling regulator, and the Chamber of Casinos. They argued that Polymarket acts as an unlicensed gambling site disguised as a forecasting tool. The core issue: no identity verification at signup. Users could register within minutes using only a credit card or crypto, allowing minors to place bets freely. The court called it a "concealed betting system."
Suspicious Trade on Inflation Data Triggered Fast Action
A specific event pushed the judge to act swiftly. Just 15 minutes before the official February inflation figures were published, nearly $91,000 in Polymarket bets suddenly went into the exact correct number. Authorities suspected someone with inside information profited illegally. Although Polymarket insists it only aggregates public data, the timing raised red flags that were hard to ignore.
Second Latin American Ban, Over 30 Countries Restrict Polymarket
Argentina becomes the second country in Latin America to ban Polymarket, following Colombia. As of this ruling, more than 30 countries have imposed partial or full restrictions on the platform. ENACOM, Argentina's communications regulator, is working with telecom firms to block the main site and all mirror sites. Google and Apple were instructed to remove the Polymarket app from their Argentine app stores.
Regulatory Logic: Blurred Lines Between Prediction and Gambling
The global regulatory trend in 2026 is clear: any platform where money can be won or lost must follow the same rules as traditional casinos. Key requirements include KYC, fair game audits, and anti-money laundering controls. Polymarket's experience in Argentina serves as a warning to other crypto platforms — lacking robust identity checks may lead to regional expulsion.
While some users criticize the government for limiting access to global tools, authorities say the priority is protecting families and minors. More crypto platforms are expected to strengthen KYC processes soon, especially in markets with strict gambling regulations. Gambling and crypto trading carry high risks; this article is for informational purposes only and does not constitute financial advice.