{"id":143008,"date":"2024-11-23T14:00:11","date_gmt":"2024-11-23T12:00:11","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143008"},"modified":"2024-11-23T01:40:55","modified_gmt":"2024-11-22T23:40:55","slug":"polymarket-halts-trading-in-france-amid-regulatory-scrutiny","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/polymarket-halts-trading-in-france-amid-regulatory-scrutiny\/","title":{"rendered":"Polymarket Halts Trading in France Amid Regulatory Scrutiny"},"content":{"rendered":"<p>While the platform itself remains accessible, users from France can <strong><a href=\"https:\/\/x.com\/gregory_raymond\/status\/1859948576929132942?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1859948576929132942%7Ctwgr%5E4d357a0ffbecf74c2441cb1fd0605de7c468ae57%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcryptobriefing.com%2Fpolymarket-trading-halt-france%2F\" rel=\"nofollow\">no longer engage<\/a><\/strong> in any trading activities.<\/p>\n<p>This decision came after an investigation into the platform, which was sparked by a massive bet placed by a French user named Th\u00e9o, who wagered over $30 million on the outcome of the 2024 U.S. Presidential election. Should Donald Trump emerge victorious, Th\u00e9o was in line to make close to $80 million in profits.<\/p>\n<p>This large-scale wager raised concerns within the ANJ, which noted that while Polymarket uses cryptocurrency, its operations still fall under the category of betting, a practice that is prohibited under French gambling laws.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-142956\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Polymarket, which was founded in 2020 and has since attracted significant investment, including backing from Ethereum co-founder Vitalik Buterin, has faced regulatory challenges beyond France. In the U.S., the platform was forced to cease operations for American users after settling with the Commodity Futures Trading Commission (CFTC) for $1.4 million in 2022 due to its unregistered status as a trading platform.<\/p>\n<p>The suspension of services in France highlights the growing regulatory pressure on decentralized prediction markets and their intersection with traditional gambling laws.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polymarket, the prediction market platform, has taken action to block trading access for users in France, following scrutiny from the country\u2019s gambling regulatory body, the Autorit\u00e9 Nationale des Jeux (ANJ).<\/p>\n","protected":false},"author":7,"featured_media":80317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[234,271,122],"coin_category":[],"class_list":["post-143008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-donald-trump","tag-ethereum","tag-trump"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Polymarket Halts Trading in France Amid Regulatory Scrutiny<\/title>\n<meta name=\"description\" content=\"Polymarket, the prediction market platform, has taken action to block trading access for users in France, following scrutiny from the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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