30s Summary

Prediction market platform Polymarket has blocked French users following a probe by the French gaming authority, Autorité nationale des Jeux (ANJ), into the company’s compliance with gambling laws. The clampdown was initiated after a French trader placed substantial bets on the 2024 U.S. Presidential election. No official statement has been made yet by Polymarket or the ANJ.

Full Article

Polymarket, a leading prediction market, blocked access for French users this past Friday. This happened just a few weeks after we learned that the French government had launched an investigation into the company’s adherence to the country’s gambling laws. Even though Polymarket didn’t update their terms of service to reflect this change, a reporter’s efforts to access the site using a French server was blocked.

This clampdown came into effect after the Autorité nationale des Jeux (ANJ), France’s gaming authority, focused its investigation on Polymarket. The reason? A French trader placed some pretty substantial bets on Donald Trump winning the 2024 U.S. Presidential election.

The news of the ban was first shared by The Big Whale, which is a crypto news site from France. In terms of any formal response or comment on the matter, we’ve heard nothing from Polymarket or the ANJ as of right now.