Polymarket joins Blockchain for Europe to back EU expansion
Polymarket has joined Blockchain for Europe, an industry association focused on EU blockchain policy and regulatory engagement. The platform said it believes prediction markets operate on open financial market principles and that a consistent EU regulatory framework would support that mission. The membership signals intent to build regulatory relationships in Europe as Polymarket expands beyond its US base. The platform is described as the world's largest prediction market.
The membership directly responds to ESMA's recent declaration that Polymarket lacks EU authorization and its fraud warning linking prediction markets to insider trading. Polymarket now needs Blockchain for Europe to amplify its voice in Brussels while MiFID II authorization remains distant. The trade group gives the platform a seat at discussions shaping the Digital Operational Resilience Act and upcoming crypto-asset frameworks.
European banking partners will weigh this institutional cover against ESMA's skepticism. If the UK eases its ban while the EU holds firm, Polymarket's Brussels investment risks becoming stranded cost. The association's influence is untested against a regulator already attacking on two fronts.