France Bans Polymarket After Transaction Controls Fail to Stop 578K New Visitors
France's National Gaming Authority (ANJ) has officially blocked Polymarket following a massive failure in the platform's regulatory safeguards. Despite existing restrictions, the platform's live odds remained visible, allowing a significant breach of local gambling laws.
According to Similarweb estimates, the circumvention of operator-level controls led to a surge of 578,751 new French visitors accessing the site. This crackdown highlights the growing tension between decentralized prediction markets and national regulatory bodies attempting to enforce strict transaction controls and compliance.
France has blocked access to the prediction market platform Polymarket after its internal transaction controls failed to prevent widespread access within the country. The ANJ (Autorité Nationale des Jeux) cited data from Similarweb, noting that while the platform attempted to restrict users, its live odds remained visible to the public.
This regulatory failure resulted in 578,751 new French visitors bypassing the intended restrictions. The incident underscores the difficulty regulators face when dealing with prediction markets that struggle to implement effective geographic and transaction-based compliance measures.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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