🇩🇰 Danish Minister Strongly Criticizes Polymarket

Who: Danish Tax Minister Ane Halsboe-Jørgensen has publicly condemned Polymarket, one of the world’s largest prediction market platforms.

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What’s happening: Polymarket lets users place crypto-denominated bets on event outcomes — not just mundane forecasts like Fed decisions or sports results, but also high-sensitivity geopolitical and conflict-related events.

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Specific concerns: The minister has expressed outrage that people can wager on scenarios involving war, human suffering, and geopolitical events, such as:

A ceasefire in the Ukraine war

Whether Donald Trump will “acquire” Greenland (a territory within the Kingdom of Denmark)

Other sensitive topics that relate to death, destruction or national importance.

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Halsboe-Jørgensen called it “crazy” and “worrying” that a platform enables betting on others’ misfortune.

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She said betting on “death and destruction” via cryptocurrency was fundamentally at odds with her values and described the practice as ethically wrong.

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🇩🇰 Regulatory Reaction

Possible action: Danish authorities are reportedly evaluating whether Polymarket’s services violate domestic laws, and the minister has even suggested exploring ways to restrict or shut down the platform’s accessibility in Denmark if necessary.

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Part of the concern is that Danes may be using cryptocurrencies to participate in these controversial bets, which involve issues of national importance and human lives.

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📊 Scale of Betting

According to reported data, users have wagered hundreds of millions of Danish kroner on these sensitive outcomes including roughly 376 million DKK on the Ukraine ceasefire and 33 million DKK on Trump-Greenland outcomes. #USCryptoStakingTaxReview #Write2Earn #EthioCoinGiram