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France Orders ISPs to Block Polymarket Over Gambling Concerns

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2 min read2 sources
Likely impact: Bearish
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The tl;dr

France's gambling regulator has ordered the country's internet service providers to block access to Polymarket, a cryptocurrency prediction market platform. The move cites illegal gambling mechanics, lack of player-protection tools, and concerns that French users are circumventing earlier financial restrictions.

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Key points

  • France's gambling authority has instructed ISPs to geoblock Polymarket, a blockchain-based platform where users bet on real-world outcomes using cryptocurrency.
  • The regulator cited addictive gaming mechanics and the absence of self-exclusion features that would let players voluntarily restrict their own accounts.
  • French users have been actively bypassing previous financial restrictions to access the platform, indicating sustained demand despite regulatory warnings.
  • The block represents escalating enforcement action by French authorities against crypto-based gambling operations that operate outside traditional regulatory frameworks.
  • Polymarket continues to operate in jurisdictions with lighter oversight, where it has grown into a major prediction market with millions of dollars in daily trading volume.

France’s gambling regulator has stepped up enforcement against Polymarket, a cryptocurrency-based prediction market platform, by ordering internet service providers across the country to block user access. The move reflects growing tension between crypto platforms operating in regulatory gray areas and traditional gambling authorities seeking to protect consumers.

The French regulator cited three main concerns. First, Polymarket uses addictive game mechanics that encourage repetitive wagering. Second, the platform lacks standard player-protection tools, particularly self-exclusion features that let people voluntarily lock themselves out. Third, and perhaps most telling, French users have been actively finding ways around previous financial restrictions to keep using the site, suggesting the platform fills a demand that traditional markets do not serve in France.

This marks a harder line by French authorities against decentralized prediction markets that operate outside conventional banking and gambling oversight. While Polymarket continues to thrive in less restrictive jurisdictions, the geoblock signals that other countries may follow suit, potentially shrinking the platform’s addressable market and setting a precedent for how regulators treat similar crypto-based betting platforms.

This signals how traditional gaming regulators worldwide are tightening control over decentralized crypto platforms, which could inspire similar blocks in other countries and constrain the audience for prediction markets.
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