France orders internet providers to block Polymarket

France’s gambling regulator has directed internet service providers to block access to the prediction market platform Polymarket. The move classifies the site as an illegal gambling operation.

The Autorité Nationale des Jeux issued the order on July 16. It cited addictive mechanics, a lack of self-exclusion tools, and continued high traffic from French users despite an earlier financial transaction ban imposed in November 2024.

The regulator noted that Polymarket received 578,751 visits from 205,057 unique French visitors in June. A simple VPN was sufficient to bypass the prior restrictions, and the homepage’s display of real-time odds was deemed promotional of unauthorized gambling.

Additional concerns included a complaint from Météo-France over a tampered temperature sensor linked to weather bets and the influence of a French trader known as Fredi9999 on U.S. election markets. Fines for non-compliance can reach 100,000 euros.

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Illustration of Polymarket challenging France's gambling authority in a courtroom over website block.
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Polymarket plans to challenge France website block

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Polymarket said it will challenge a nationwide website block ordered by France’s National Gambling Authority. The company argued the order is disproportionate because trading from France has been disabled since November 2024.

Spain’s gambling regulator has ordered internet providers to block access to prediction market platforms Polymarket and Kalshi. The move targets unlicensed betting products tied to future events. Proceedings against the companies are expected to last three to four months.

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Indonesia has blocked access to the crypto prediction market Polymarket after classifying the platform as illegal online gambling under local law.

U.S.-linked wallets accounted for the largest share of political trading on Polymarket over the past year, reaching $571 million despite the platform's legal restrictions on American users.

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Prediction market platform Polymarket has partnered with blockchain analytics firm Chainalysis to monitor trading activity and detect potential insider trading. The collaboration introduces onchain tools to flag suspicious patterns amid rising regulatory scrutiny. Polymarket announced the move on Thursday.

Prediction market platforms are still detecting attempts by campaign staffers to place bets on political races, despite new monitoring systems and growing scrutiny over insider trading.

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Venture capital firm a16z has filed an 18-page letter backing the Commodity Futures Trading Commission in its disputes with states over prediction markets. The firm argues that federal law preempts state regulations on platforms like Kalshi and Polymarket. It claims state crackdowns undermine the CFTC's mandate for impartial market access.

 

 

 

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