Polymarket has blocked French traders after an investigation by the national gaming authority, highlighting ongoing regulatory scrutiny of prediction markets and compliance with gambling laws.
The investigation into Polymarket follows a high-profile incident where a French trader placed significant bets on Donald Trump's victory in the upcoming Presidential election, raising concerns about market manipulation.
Social media reports from French crypto news source The Big Whale first alerted users to the ban, reflecting how quickly information spreads in the crypto community.
Despite Polymarket's ban not being noted in its terms of service at the time, it raises questions about transparency and user access amidst regulatory developments in Europe.
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