Official statement from Polymarket or French regulatory bodies

Polymarket Blocks French Users Amid $80M Trump Bet Controversy Involving Théo

Nov 22, 2024, 05:21 PM

Polymarket, a prediction market platform, has blocked users in France from placing new bets following an investigation by the French National Gambling Authority (ANJ). The move comes amid regulatory scrutiny over a trader's $80 million bet on former US President Donald Trump's election victory. The investigation was triggered by concerns over potential insider trading and compliance with local gambling laws. French authorities have blocked access to Polymarket, citing regulatory concerns. The controversy arose when French national Théo, known as 'Fredi9999,' made a significant profit from betting on Trump's victory.