📌 TOPINDIATOURS Hot crypto: Dutch Regulator Orders Polymarket to Halt Unlicensed B

The Netherlands Gambling Authority has moved against prediction markets platform Polymarket, ordering its Dutch affiliate, Adventure One, to stop offering wagering services to residents without a permit.

In a notice released Tuesday, the regulator said the company must “cease its activities immediately” or risk penalties of up to $990,000.

Officials said the platform allowed users in the Netherlands to place bets prohibited under national law, including contracts tied to local elections, and had failed to respond to earlier requests from authorities to address the issue.

Prediction Markets Not Permitted Under Dutch National Gambling Rules

“Prediction markets are on the rise, including in the Netherlands,” said Ella Seijsener, the authority’s director of licensing and supervision.

She added that such operators provide wagers that are not allowed in the Dutch market under any circumstances, even for licensed gambling companies.

Earlier this year, the company’s chief legal officer Neal Kumar said the firm was open to discussions with regulators while US federal courts consider questions over oversight of prediction markets.

The dispute mirrors broader regulatory tension around event-based contracts. In the United States, platforms offering similar products have drawn scrutiny from state authorities, many of which argue the services resemble sports betting.

At the same time, leadership at the Commodity Futures Trading Commission has pushed back against state intervention, asserting federal jurisdiction over prediction market activity.

The enforcement action also comes as Dutch lawmakers debate tighter rules affecting digital assets.

The country’s House of Representatives recently advanced a proposal introducing a 36% capital gains tax on certain investments, a measure expected to cover cryptocurrencies if enacted.

Should the Senate approve the plan, the tax could take effect as early as 2028.

For now, the regulator’s order places Polymarket’s operations in the Netherlands on hold, highlighting how rapidly growing prediction markets are colliding with national gambling frameworks across multiple jurisdictions.

Dutch Indirect Crypto Investments Hit €1.2B

As reported, Dutch exposure to cryptocurrency through financial securities has grown rapidly over the past five years, reaching about €1.2 billion by October 2025, according to De Nederlandsche Bank (DNB).

The increase largely reflects rising prices of major digital assets rather than a surge of new investor money.

Holdings stood at roughly €81 million at the end of 2020, showing how valuation gains have expanded crypto-linked investments across households, institutions and companies.

Despite the jump, direct ownership of cryptocurrencies remains relatively limited for many investors.

Even with the growth, crypto securities represent only about 0.03% of the Netherlands’ overall investment market, indicating traditional assets still dominate portfolios.

Last year, Dutch crypto firm Amdax raised €30 million ($35 million) to launch Amsterdam Bitcoin Treasury Strategy (AMBTS), a dedicated Bitcoin treasury company that plans to accumulate up to 1% of the total BTC supply, or roughly 210,000 Bitcoin.

The post Dutch Regulator Orders Polymarket to Halt Unlicensed Betting Operations appeared first on Cryptonews.

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📌 TOPINDIATOURS Hot crypto: SBI Deepens XRP Bet With Bond Incentives and Venture S

Japanese financial conglomerate SBI Holdings is aggressively deepening its integration with the XRP ecosystem through calculated new moves.

These strategic initiatives aim to drive both retail crypto onboarding and corporate developer adoption.

SBI Offers $64 Million Bond With XRP Rewards

On February 20, SBI revealed a 10 billion yen ($64.5 million) blockchain-based security token bond offering that rewards retail investors with XRP.

The three-year debt instrument, branded as SBI START Bonds, officially prices on March 10 and issues on March 24. It promises conventional fixed-income investors an indicative annual interest rate between 1.85% and 2.45%.

“The SBI Group believes that the continued development of the ST bond market in Japan will contribute to the revitalization of the capital markets and, ultimately, to the sustainable growth of the real economy,” it stated.

However, the XRP rewards serve a much deeper purpose than simple yield enhancement.

To qualify for the cryptocurrency payouts, which are distributed annually through 2029, domestic investors must open and verify an account with SBI VC Trade, the firm’s cryptocurrency brokerage subsidiary, by May 11.

By mandating this crucial step, SBI implements a highly efficient customer-acquisition strategy.

The firm uses a safe, regulated, yen-denominated corporate bond to funnel conservative retail money into its digital asset platform. Once these users enter the ecosystem, SBI can aggressively cross-sell them spot trading, staking, and margin services.

SBI to Support XRPL-Focused Startups Through New Partnership

Simultaneously, SBI Ripple Asia signed a memorandum of understanding with the Asia Web3 Alliance Japan (AWAJ).

The partners aim to establish a specialized venture studio model that provides hands-on technical and regulatory support to regional startups.

“In this initiative, the two companies will work together to provide technical support as ‘technical support partners’ to businesses aiming to implement financial services using blockchain,” the firms stated.

Crucially, the initiative expressly requires these startups to build their financial services natively on the XRP Ledger (XRPL).

Unlike rival networks such as Ethereum or Solana, which boast organic developer momentum and robust smart contract activity, XRPL lacks a thriving decentralized finance ecosystem.

However, the blockchain network has recently introduced several new features designed to attract institutional interest.

By funding a venture studio explicitly tied to the ledger, SBI essentially attempts to further fuel developer momentum on the blockchain network.

The firm recognizes that without startups actively building on the chain, the network will remain underutilized for complex financial applications.

“Through our collaboration, we will support the creation of practical use cases utilizing XRPL that contribute to the financial and industrial sectors, aiming to realize globally applicable financial use cases originating in Japan,” they explained.

The post SBI Deepens XRP Bet With Bond Incentives and Venture Studio Plan appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com