Polymarket has recently blocked access to French users after the national gaming authority, ANJ, initiated an investigation regarding compliance with the country's gambling laws. This comes after a notable incident where a French trader placed substantial bets on Donald Trump to win the 2024 U.S. Presidential election. The ban was first reported by a crypto news outlet and indicates growing scrutiny on prediction markets in France regarding their regulatory status. Attempts to access the platform from France have been met with digital obstructions, although Polymarket has yet to issue a formal statement on these developments.
Polymarket, facing scrutiny from France's ANJ over gambling compliance, has blocked French users, sparking discussions on regulatory issues within the prediction market space.
The recent ban highlights concerns about how prediction markets are regulated globally, especially as they intersect with gambling laws, which vary significantly by country.
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