France to Ban Polymarket After $3.5 Billion Bet on U.S. Elections

The post France to Ban Polymarket After $3.5 Billion Bet on U.S. Elections appeared first on Coinpedia Fintech News France’s gambling watchdog, the Autorité Nationale des Jeux (ANJ), is planning to ban Polymarket, a crypto-based betting platform, for operating illegally in the country. The decision follows Polymarket’s rise in popularity after a French user made large bets on the U.S. presidential election. Over $3.5 billion was wagered on the U.S. election alone. While the …