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Prediction marketsCoinGape
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63% Informative
Polymarket, a crypto-based prediction market, is likely to be prohibited by France ’s gambling regulator, the ANJ , after a huge amount of bets were placed on the 2024 U.S. presidential election.
Polymarket experienced a record jump, with $450 million expected to be distributed to users following the victory of Donald Trump .
The ANJ has claimed that Polymarket is involved in gambling which is only allowed in France by licensed operators.
The high level of activity on Polymarket has led to speculations that the platform may be used for market manipulation.
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English
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