Ban on Polymarket for French users
Polymarket, Polygon’s blockchain betting platform, ha blocked access to users in France after l’ANJ, the French gambling authorityhe started an investigation on the platform.
At the center of attention is “Theo,” a user who has won $80 million betting on Donald Trump come winner of the US elections. This huge win has indeed attracted the interest of the authorities, who now want it understand whether Polymarket has violated local laws.
The French users who try to access the platform now see the message “mode view-only for persons located in the United States, France, or persons located in restricted jurisdictions” which means they can consult the platform but cannot place bets.
And spokesman of Polymarket stated that the block has the aim of collaborating with the authoritiesalthough l’ANJ it doesn’t have Still released comments officials. This case shows how complicated it is for global platforms like Polymarket adapt to different rules in different countries in which they operate.
FBI raid and access prohibited in the USA
Even in the United States Polymarket has problems, in fact, theFBI searched the CEO’s house with the aim of investigating possible illegal access by American citizens. Although the block is activeit seems that many have circumvented the ban and this led to new legal complications for the platform.
The situation per Polymarket it’s a lot complex. In France, the investigation about the user “Theo” attracted a lot of attentionwhile in the USA the FBI action he raised doubts about compliance with the laws by the platform.
Polymarketlike other prediction markets, delivers great opportunities but he must nevertheless face legal and regulatory obstacles that slow down growth.
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