France Orders Internet Providers to Block Polymarket

The French gambling regulator has officially directed local internet service providers to block access to Polymarket. The agency stated that the platform operates as an illegal gambling site, which violates national laws regarding betting and financial activities.

Regulators are concerned about potential market manipulation occurring on the site. Because users can place large bets on real world events like elections or economic shifts, officials argue the platform presents significant risks to public order and consumer protection.

This decision marks a significant hurdle for the prediction market space in Europe. Traders should watch for potential legal appeals from the platform or similar actions taken by other countries in the European Union that might impact global liquidity for prediction markets.