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"Prediction Market" or Just Betting? The First Website of Its Kind Blocked in Lithuania

In September, Lithuania blocked access to the so-called prediction market website Polymarket, which has become popular in the United States. The Gambling Supervision Service notes that this is the first website of its kind to be included in the list of illegal gambling operators. Vytenis Šimkus, investment strategist at Swedbank, says that prediction markets have received quite a controversial assessment around the world. “On the one hand, they …

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In September, Lithuania blocked access to the so-called prediction market website Polymarket, which has become popular in the United States. The Gambling Supervision Service notes that this is the first website of its kind to be included in the list of illegal gambling operators. Vytenis Šimkus, investment strategist at Swedbank, says that prediction markets have received quite a controversial assessment around the world. “On the one hand, they …

·Vilnius, Lithuania
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Lietuvos Radijas ir Televizija broke the news in Vilnius, Lithuania on Thursday, October 22, 2026.
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