French Gambling Regulator Announces Plans To Probe Polymarket Following Big Wins on Trump Presidency: Report
As Polymarket bettors worldwide rake in their wins following President Donald Trump’s re-election victory over Vice President Kamala Harris, France’s top gambling regulator is announcing a probe into the popular betting platform.
According to a new Reuters report, the French gambling regulatory authority, the Autorité Nationale des Jeux (ANJ), is turning its focus to Polymarkets following the platform’s surge in popularity.
Said ANJ spokesperson Elsa Trochet-Mace said in an emailed statement to Reuters,
“We are currently examining its operation as well as its compliance with French legislation on gambling.”
Though Polymarket has yet to officially respond to the reports, the platform’s X account did send out a pointed message to detractors this morning.
“Don’t trust the mainstream media.”
Source: Polymarket/X
Polymarket is a decentralized prediction market platform where users bet on event contracts, predicting the outcome of various events. Currently, on Polymarkets, bettors think there is a 30% chance Trump will nominate the DOGEfather himself, Elon Musk, to his second-term cabinet.
The success of the betting market has inspired competitors, such as Robinhood and Kalshi, to put out similar gambling event contract products. Kalshi just filed for an event contract with the Commodities and Futures Trading Commission (CFTC) today for bettors to predict when Trump will receive his third impeachment.
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