France Orders ISPs to Block Access to Polymarket
French regulators are moving to block the popular prediction market platform citing concerns over gambling laws and user safety.
coinbeat.newsFrance is taking a hard line against the decentralized prediction site Polymarket. The national gambling regulator, ANL, has ordered internet service providers to restrict access to the site for users within the country. This decision follows growing scrutiny from local authorities regarding how the platform operates.
The regulator pointed to several issues behind this move. Officials are worried about the addictive nature of betting markets and the lack of tools that allow users to self exclude. They also noted that a large number of French users were finding ways to bypass financial restrictions to place bets on the site.
This action signals a tightening of oversight for crypto based prediction platforms in the region. Investors should watch to see if other European countries follow France with similar bans. For now, users in France may find their access restricted as providers comply with the new mandate.
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