Ukrainian officials: Prediction markets are not legally recognized, and Polymarket has no legal way to resume operations.

PANews reported on January 25 that, according to CoinDesk, a senior official involved in developing Ukraine's digital economy policy stated that Ukraine currently lacks a legal framework for Web3 prediction markets, and existing laws do not recognize such platforms.

Days after Ukraine blocked Polymarket and nearly 200 gambling-related websites, Dmitry Nikolaievsky, chief legal officer of the Digital Economy Development Project Office of the Ukrainian Ministry of Digital Transformation, revealed that while the decision to ban Polymarket followed existing legal procedures, the fundamental problem was that the country's legal framework did not recognize prediction markets, and legal reform was unlikely in the short term because the possibility of the wartime parliament amending the definition of gambling was extremely low, which left prediction markets in a legal deadlock.