Polymarket, a leading blockchain-based prediction market platform, has banned French traders from its services as part of an investigation by France’s national gaming authority ANJ into potential gaming law violations.
The restriction imposed today had not yet been reflected in Polymarket’s terms of service at the time the news was published. However, a reporter who used a VPN to access the platform from a French server encountered a digital blockade, indicating that the ban was in place.
The move follows reports that a French trader came to ANJ’s attention by making significant predictions on former US President Donald Trump’s potential victory in the 2024 presidential election. The ban first surfaced on social media and was reported by French crypto news outlet The Big Whale.
Since its founding in 2020, Polymarket has raised $74 million from venture capital firms and notable crypto personalities, including Ethereum co-founder Vitalik Buterin. Despite its blockchain-centric approach, critics argue that Polymarket’s activities are compatible with traditional definitions of games of chance.
A source close to ANJ said, “Polymarket crypto para “Even though people are using it, it remains a gambling activity that is illegal in France,” he said. William O’Rorke, a partner at ORWL Avocats, also supported this view: “Polymarketing involves betting money on uncertain events. “ANJ has the authority to block such platforms even if they do not specifically target French users.”
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, Twitter our account and Youtube Follow our channel now! Moreover Android ve IOS Start live price monitoring now by downloading our applications!
Source: https://www.bitcoinsistemi.com/token-airdrop-edecek-buyuk-kripto-para-platformuna-fransa-soku-geldi-simdi-ne-olacak/
