Crypto forecasting platform Polymarket has expanded the list of countries to which its service is unavailable. Now it includes France.
And while the company has not officially announced a ban for French users, when they try to access the site, they are presented with a message on their screen stating that Polymarket is in "view-only" mode for "persons located in the United States, France, or restricted jurisdictions."
Users in France can continue to access Polymarket for important news, but all new trades are currently suspended for them.
We have taken this step proactively as we continue to engage with stakeholders in the country regarding our platform and prediction markets in general,” a Polymarket spokesperson said.
Polymarket did not disclose the exact reasons for blocking users from France. However, experts attribute the restrictions to the fact that the French National Gambling Authority, which oversees online gambling in the country, is investigating the site to determine whether it complies with French law.
The investigation began after an anonymous French user named Fredi9999 earned almost $80 million by betting on Donald Trump to win the US presidential election.
