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URGENT: France Might Ban Polymarket France’s gambling regulator, ANJ, is considering a ban on Polymarket, a popular crypto-based prediction platform, over potential violations of French gambling laws. The decentralized platform allows users to bet on real-world events using crypto, recently surging to $2.5 billion in bets in October due to the US presidential election hype. While headquartered in New York, Polymarket’s operations still fall under French gambling regulations, which consider prediction markets a form of betting. ANJ's investigation may result in restricted access for French users. The platform has been buzzing with high-stakes bets on the US election. One French trader, pseudonymously known as Fredi9999, reportedly bet $20 million on Trump’s win, with potential gains near $50 million. Although Polymarket blocks US residents, the platform has become a go-to hub for international users, reflecting crypto’s potential to redefine betting boundaries worldwide. The final decision from France could set a precedent for how prediction markets using crypto are regulated in Europe. For now, ANJ is closely examining Polymarket’s compliance with local laws. What do you think about this? Drop your comment below! #Polymarket #France #Elections2024 #Regulators  $BTC  $BNB  $ETH
URGENT: France Might Ban Polymarket

France’s gambling regulator, ANJ, is considering a ban on Polymarket, a popular crypto-based prediction platform, over potential violations of French gambling laws. The decentralized platform allows users to bet on real-world events using crypto, recently surging to $2.5 billion in bets in October due to the US presidential election hype.

While headquartered in New York, Polymarket’s operations still fall under French gambling regulations, which consider prediction markets a form of betting. ANJ's investigation may result in restricted access for French users.

The platform has been buzzing with high-stakes bets on the US election. One French trader, pseudonymously known as Fredi9999, reportedly bet $20 million on Trump’s win, with potential gains near $50 million.

Although Polymarket blocks US residents, the platform has become a go-to hub for international users, reflecting crypto’s potential to redefine betting boundaries worldwide.

The final decision from France could set a precedent for how prediction markets using crypto are regulated in Europe. For now, ANJ is closely examining Polymarket’s compliance with local laws.

What do you think about this? Drop your comment below!

#Polymarket #France #Elections2024 #Regulators  $BTC  $BNB  $ETH
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