France doubles down on restricting access to Polymarket

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France doubles down on restricting access to Polymarket

Engadget · 17 hours ago

France's gambling authority has instructed internet service providers to block access to Polymarket, escalating enforcement against the cryptocurrency-based prediction market platform. This follows a November 2024 financial transaction restriction that proved ineffective—despite the ban, the site continued attracting substantial French user traffic, with over 578,000 visits recorded in June alone. Regulators classify Polymarket as an illegal gambling operation and are now threatening fines up to €100,000 for anyone promoting such unauthorized platforms.

France's intensified action reflects a coordinated international regulatory response to prediction markets. Spain has ordered similar ISP blocks for Polymarket and competing platforms, while multiple US states including Minnesota have enacted legislative bans or filed lawsuits. These parallel enforcement efforts indicate growing consensus among regulators that decentralized betting platforms pose consumer protection risks warranting aggressive intervention.

  • France's gambling regulator ordered internet providers to block Polymarket entirely, escalating from a 2024 transaction ban that users circumvented; the platform still recorded hundreds of thousands of visits from French residents monthly
  • Violators face €100,000 fines; Spain is pursuing similar blocks while multiple US states pursue lawsuits and legislative bans

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