CandleFocus

French authorities may ban Polymarket soon

Author: Content Editor
The gambling regulator in France, ANJ, may soon ban Polymarket, a popular betting website that gained popularity during the US elections. Polymarket allows users to bet on various outcomes, including election results, using cryptocurrencies. Despite the use of cryptocurrencies, Polymarket falls under scrutiny in France due to the country's laws against gambling. The French authorities may have focused on Polymarket due to a French trader who wagered over $30 million on Trump's victory. While blocking the website is possible, it may not be easily enforceable due to the use of VPNs and the website's lack of requirement for proof of country when registering.

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