After the French gambling regulator conducted an investigation, Polymarket has suspended new wagers from French users. This preventative action is being taken in response to concerns about whether Polymarket's business practices adhere to French gambling regulations. A French trader who placed large wagers on Donald Trump winning the US presidential election is said to have sparked the regulator's investigation. French users are temporarily prohibited from making trades on the platform, but they can still access it for informational purposes.
Polymarket blocks French users amid regulatory investigations
- Thread starter Lazza
- Start date
Polymarket has temporarily suspended new wagers from French users following an investigation by the French gambling regulator. This action comes in response to concerns regarding the platform’s compliance with French gambling laws. The investigation was reportedly triggered by a French trader’s significant wager on Donald Trump’s victory in the U.S. presidential election. While French users are prohibited from placing trades, they can still access the platform for informational purposes. The regulator’s scrutiny highlights ongoing issues around the legality of prediction markets in certain regions.