Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
French regulator plans to ban Polymarket platform

French regulator plans to ban Polymarket platform

HappyCoinNewsHappyCoinNews2024/11/08 13:11
By:HappyCoinNews

Как reported The French publication The Big Whale, the country's regulator is soon planning to ban the Polymarket platform from operating on its territory.

France's National Gambling Authority took notice of the platform after it was revealed that one of its citizens had bet $30 million on Donald Trump to win the US presidential race, according to people familiar with the matter.

As it turned out, a French citizen known by the nickname Fredi9999 is one of four of the five largest holders of shares in the American politician's victory. However, as experts say, he did not conduct fictitious trading.

The French regulator believes that the Polymarket platform is engaged in bookmaking activities, which are completely prohibited in France, despite the fact that bets on it are accepted in cryptocurrencies.

Representatives of the Authority stated that the platform is currently being checked and its activities are being studied for compliance with gaming legislation.

If violations are detected, the Administration may block the domain name of the platform and exert bureaucratic pressure on counterparties involved in promoting the platform so that they stop cooperating with it.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

WLFIUSDT now launched for pre-market futures trading

Bitget Announcement2025/08/23 13:50

New spot margin trading pair — SAPIEN/USDT!

Bitget Announcement2025/08/22 10:56

Bitget Will Delist MKR on 2025-08-22

Bitget Announcement2025/08/22 10:15