France's gambling authority has told internet providers to block Polymarket. This prediction market faces concerns over illegal gambling and market manipulation. The move highlights growing regulatory oversight for decentralized platforms in Europe.
France's gambling regulator has instructed internet service providers to block access to Polymarket. This platform allows users to bet on future events, known as a prediction market. The regulator cited concerns about illegal gambling and possible market manipulation. This decision means French users can no longer easily access the decentralized application (dapp). This action by French authorities shows a growing focus on how decentralized platforms, which operate without a central authority, fit within existing financial rules. It also highlights the challenges regulators face with new Web3 technologies.
912.160 SRY