• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

France Considers Ban on Polymarket Following US Elections

user avatar

by Giorgi Kostiuk

a year ago

Polymarket, a platform for betting on virtually any topic, gained popularity during the US elections. However, France is considering blocking the site.

Polymarket's Popularity

Polymarket became the center of attention due to its facility for placing bets on diverse events such as sports results, asset prices, and political events. Over $3.2 billion was wagered on the US elections, with $294 million recorded on November 5th.

Bets Considered As Gambling

French regulators view bets on Polymarket as gambling activities. William O’Rorke from ORWL Avocats stated that it fits the gambling definition since users bet money on random events.

French Regulators' Reaction

The attention of French authorities was drawn by an unknown trader who bet over $30 million on Trump's victory. Despite potential domain blocks, users may bypass these using VPNs, as Polymarket doesn’t require proof of citizenship upon registration.

French regulators are seriously concerned with Polymarket's activities and are considering a ban on the platform. Nevertheless, tech-savvy users could counteract these measures.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Linq's Strategic Pivot to AI Messaging Infrastructure Enhances User Experience

chest

Linq has pivoted to become an infrastructure provider for AI assistants in messaging apps, responding to market demand.

user avatarAndrew Smith

Epstein's Alleged Role in Bitcoin Development Sparks Controversy

chest

Recent interpretations of Jeffrey Epstein's correspondence suggest he had significant influence over Bitcoin's development, despite the decentralized nature of the cryptocurrency.

user avatarArif Mukhtar

Cboe's Binary Options Could Transform Prediction Market Landscape

chest

Cboe's entry into the binary options market may legitimize prediction-style trading and influence regulatory discussions.

user avatarLeo van der Veen

Cboe's Proposed Binary Options to be Regulated by SEC and CFTC

chest

Cboe Global Markets has proposed binary options to be regulated by the SEC and CFTC, ensuring compliance and investor protection.

user avatarMaya Lundqvist

US Crypto Media Traffic Declines in Q4 2025

chest

US cryptonative media experienced a significant drop in traffic during Q4 2025, with visits down by 28.24% to 10.618 million, affecting 71.95% of outlets.

user avatarTenzin Dorje

Cboe Global Markets Considers Relaunch of Binary Options for Retail Investors

chest

Cboe Global Markets is exploring the relaunch of binary options for retail investors, aiming to meet the demand for simplified trading instruments.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.