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Polymarket Blocks French Traders Amid Gambling Inquiry

The prediction market juggernaut is under investigation in the country.

Updated Nov 22, 2024, 3:18 p.m. Published Nov 22, 2024, 2:41 p.m. 1 min read
Shayne Coplan, CEO, Polymarket, speaks at Consensus 2024. (Shutterstock/CoinDesk).

Polymarket blocked French traders on Friday, weeks after reports that the country's government was investigating the prediction markets juggernaut for gambling law compliance.

The ban was not reflected in Polymarket's terms of service at press time, but on Friday a reporter using a VPN attempted to access the website from a French server and ran into a digital blockade.

Polymarket fell into the crosshairs of France's national gaming authority, the ANJ, after a French trader placed massive bets on Donald Trump to win the 2024 U.S. Presidential election.

The fresh ban was first highlighted on social media by French crypto news site The Big Whale.

Polymarket did not immediately respond to a request for comment. Neither did the ANJ.

Đ‘ĐŸĐ»ŃŒŃˆĐ” ĐŽĐ»Ń ĐČас

‘The banks will not accept it’: Dimon escalates battle over stablecoin rewards in CLARITY Act debate

Jamie Dimon (John Lamparski/Getty Images)

JPMorgan CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned the current CLARITY Act framework could ultimately fail, as banks and crypto firms clash over whether stablecoin issuers should be allowed to offer yield-bearing rewards that resemble bank deposits.

Đ§Ń‚ĐŸ ĐœŃƒĐ¶ĐœĐŸ Đ·ĐœĐ°Ń‚ŃŒ:

  • JPMorgan Chase CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned that the latest CLARITY Act draft could fail if lawmakers do not address banks’ concerns over stablecoin regulation on Friday.
  • Dimon argued that the bill would let stablecoin issuers effectively pay interest on deposits without bank-style protections, predicting...