French internet service providers told to block access to Polymarket

REUTERS ·

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French regulators have ordered internet service providers to block access to the prediction market platform Polymarket. This move reflects a firm stance by authorities regarding compliance with gambling regulations and the legality of the platform's operations. Investors should closely monitor the potential for restricted scalability of similar services as regulatory uncertainty for crypto-based prediction markets in Europe intensifies.

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The regulatory crackdown in France signals a growing intolerance toward unlicensed betting platforms operating under the guise of prediction markets. By targeting the network layer through ISPs, the French National Gaming Authority (ANJ) is taking a direct approach to limit user access. This sets a significant precedent, as other EU jurisdictions may adopt similar measures under the Markets in Crypto-Assets (MiCA) framework, potentially forcing platforms to choose between stricter compliance or market exit.

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