France orders internet providers to block access to Polymarket prediction site
Summary
France has ordered its internet providers to block access to Polymarket, an online site where people bet on future events. This follows an earlier ban on financial transactions to the site because visits from France kept increasing despite the ban.Key Facts
- France's national gambling regulator ANJ instructed internet providers to block Polymarket's website.
- Polymarket is a prediction market where users place bets on the outcomes of future events.
- France already banned financial transactions to Polymarket in November 2024.
- Visits to Polymarket from France grew to over 578,000 last month despite the ban.
- ANJ said advertising an illegal betting site is a crime with fines up to €100,000 ($114,000).
- Problems linked to prediction markets include hacking of weather probes and misuse of classified information.
- Other European countries like Germany, Italy, and Spain also restrict access to such prediction markets.
- France allows online sports betting but restricts other online betting platforms like Polymarket.
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