French Gambling Regulator Announces Plans To Probe Polymarket Following Big Wins on Trump Presidency: Report

As Polymarket gamblers worldwide money in on their winnings following President Donald Trump’s re-election victory over Vice President Kamala Harris, France’s high playing regulator is asserting an investigation into the favored playing platform.

In response to a brand new report from Reuters, France’s playing regulator, the Autorité Nationale des Jeux (ANJ), is popping its give attention to Polymarkets following the platform’s surge in recognition.

ANJ spokesperson Elsa Trochet-Mace stated this in an emailed assertion to Reuters:

“We’re presently investigating its operation and compliance with French playing laws.”

Whereas Polymarket has but to formally reply to the studies, the platform’s X account despatched a pointy message to opponents this morning.

“Do not belief the mainstream media.”

Polymarket is a decentralized prediction market platform the place customers guess on occasion contracts and predict the end result of assorted occasions. Presently, bettors on Polymarkets consider there’s a 30% likelihood that Trump will nominate the DOGEfather himself, Elon Musk, for his second time period cupboard.

The success of the playing market has impressed opponents, resembling Robinhood and Kalshi, to launch comparable contract merchandise for playing occasions. Kalshi in the present day simply utilized for an occasion contract from the Commodities and Futures Buying and selling Fee (CFTC) so bettors can predict when Trump will obtain his third impeachment.

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