French Traders Blocked from Accessing Polymarket Amid Gambling Inquiry
The popular prediction markets platform Polymarket has implemented a ban on French users, preventing them from participating in crypto-powered trading activities.
The move comes as Polymarket faces scrutiny in France over its gambling aspects, leading to the exclusion of French traders from the platform. This decision marks a significant development for the French crypto community, as they can no longer engage with Polymarket's prediction markets.
Authorities in France are currently investigating the legality of Polymarket's operations within the country. The ban on French users is a precautionary measure taken by Polymarket to mitigate any potential legal risks associated with its activities.
Despite the ban, Polymarket continues to operate in other regions, offering its services to traders from different parts of the world. The exclusion of French users is limited to compliance with local regulations and is not a reflection of Polymarket's overall accessibility.