Prediction markets in Italy are back at the top of the gaming law agenda, after the Agenzia delle Dogane e dei Monopoli (ADM) ordered a fresh wave of blackouts against unlicensed online gambling and put Polymarket.com back on the list. For a vertical that generated record trading volumes worldwide only a few months ago, the message from the Italian regulator could hardly be clearer: without an Italian remote gaming license (i.e. a so-called concession), the door stays shut.