Polymarket suspends French user access due to regulatory investigation

According to CoinDesk, decentralized prediction market platform Polymarket announced the suspension of French users' access to its platform. This move occurred several weeks after the French National Gaming Authority (ANJ) launched a gambling compliance investigation into the platform. This investigation stems from a French trader making a large bet on the 2024 US presidential election victory of Trump on the platform. Although Polymarket has implemented IP bans, according to the French cryptocurrency news website The Big Whale, users can still access the platform through VPN. As of the time of writing, the Polymarket Terms of Service have not been updated with relevant restrictions.