The Dutch Gaming Authority (Ksa) has banned Polymarket from operating in the Netherlands due to the lack of a gambling license, according to a survey by Het Financieele Dagblad. Despite this, platforms like Kalshi and Hyperliquid continue to offer prediction market services in the country. Kalshi is expanding its offerings to include bets on Eredivisie football matches, while Hyperliquid has recently introduced its decentralized prediction market services to Dutch users. The regulatory environment for prediction markets is tightening globally, with Brazil recently banning 27 platforms, including Kalshi and Polymarket. Several European countries have also taken measures against unauthorized platforms. In the U.S., the CFTC has initiated lawsuits concerning regulatory jurisdiction in multiple states. A study by London Business School highlights the financial risks involved, revealing that only 3% of prediction market participants consistently profit, while nearly 70% experience losses.