French regulators instructed internet service providers to block access to the prediction market site Polymarket, citing issues related to illegal gambling and market manipulation. The move targets the platform's operations within France and reflects the country's strict approach to online gambling regulation.
The Autorité Nationale des Jeux (ANJ), France's gambling authority, said Polymarket operates without authorization and poses risks of unauthorized betting activities. The decision aims to enforce compliance with local gambling laws and prevent unregulated market activities that could impact consumers.
Polymarket, known for facilitating predictions on various events with token-based wagers, has faced regulatory challenges in other jurisdictions as well. This action by ANJ follows global scrutiny of decentralized prediction markets and their legal classification.
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