Polymarket plans to challenge the French website blocking decision through legal channels
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Polymarket plans to challenge the French website blocking decision through legal channels
According to Reuters, prediction market platform Polymarket announced it will launch a legal challenge against the decision by the French National Gambling Authority (ANJ) to block its website. ANJ unilaterally blocked access to Polymarket in France last week, citing "potential for significant gambling losses for users" and "risk of manipulation of platform bets." Polymarket expressed disappointment over this and stated it would seek relief through French legal procedures. Previously, the Spanish government temporarily banned Polymarket and its competitor Kalshi in May this year, and US derivatives regulators also released a new regulatory draft targeting the prediction market industry in June, indicating a clear trend of tightening global regulation.
Navigating Web3 tides with focused insightsTechFlow News, July 22, according to Reuters, prediction market platform Polymarket announced it will launch a legal challenge against the French National Gaming Authority (ANJ)'s decision to block its website.
Last week, the ANJ unilaterally blocked access to Polymarket in France on the grounds of "potential significant gambling losses for users" and "risks of manipulation of platform bets." Polymarket expressed disappointment regarding this and stated it would seek remedies through French legal procedures.
Previously, the Spanish government temporarily banned Polymarket and its competitor Kalshi in May this year, and the U.S. derivatives regulator also released a new regulatory draft targeting the prediction market industry in June, highlighting a clear trend of tightening global regulation.
