France's National Gaming Authority (ANJ) is reviewing the operations of cryptocurrency-based prediction market platform Polymarket to determine whether it complies with local rules following a surge in user requests during the US Presidential Election. "We are aware of the site and are currently checking its operations and whether it complies with French gambling regulations," an ANJ spokesperson said on Thursday. According to crypto news outlet The Big Whale late Wednesday, A...
According to The Big Whale, the French National Gaming Authority (ANJ) plans to ban Polymarket's access license in the country. Although Polymarket operates with cryptocurrency, it is still a gambling activity in nature and is considered illegal under French law. The ANJ has said it is reviewing the platform's compliance and plans to restrict its access in France through means such as domain name blocking.