2 days ago
The country’s gambling authority ordered ISPs to artifact entree to nan prediction market’s website.
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France is doubling down connected preventative measures for its citizens trying to access Polymarket. The Autorité Nationale Des Jeux (ANJ), nan country's independent regulatory authority successful complaint of licensed gambling and betting games, announced this week that it ordered net work providers to artifact entree to Polymarket.
The ANJ's latest determination follows its erstwhile regulatory action from November 2024 that placed a geoblock connected immoderate financial transactions from French residents connected nan Polymarket website. Despite this prohibition connected transactions, nan agency said that nan level continued to turn successful France acknowledgment to users circumventing nan block. According to ANJ, Polymarket saw 578,751 visits, 205,057 of which were unsocial visits, successful nan period of June from French residents. Now nan ANJ wants to ace down harder connected Polymarket, again emphasizing that nan level is considered an forbidden gambling site.
According to nan ANJ's latest move, anyone caught advertizing an unauthorized betting aliases gambling tract could beryllium fined up to 100,000 euros, aliases astir $114,000. In nan neighboring Spain, nan authorities besides ordered to artifact entree to some Polymarket and Kalshi while it investigates if these sites break nan country's gambling laws. In nan US, Minnesota passed a measure that bans prediction markets from operating successful nan state, while other states are filing lawsuits against Polymarket and Kalshi.
