Autorité nationale des jeux has ordered France’s internet service providers to geoblock Polymarket, citing illegal gambling and market manipulation concerns.
France’s National Gambling Authority has ordered internet service providers to block access to Polymarket as it considers prediction websites to be illegal gambling.
Formally known as Autorité nationale des jeux (ANJ), the regulator said in a statement on Friday that Polymarket’s operations are not authorized in France and that advertising unauthorized gambling sites constitutes a criminal offense with fines of up to 100,000 euros ($114,000).
Prediction markets allow users to buy and sell contracts tied to the outcomes of future events, from elections and sporting events to economic data and geopolitical developments. Polymarket has surged in popularity over the past two years, with billions of dollars in worldwide trading volume, while drawing scrutiny from regulators over whether its event contracts constitute illegal gambling or unlicensed financial products.
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