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The ANJ, France’s National Gaming Authority, has reportedly been looking into Polymarket — a blockchain prediction market platform. The platform operates worldwide and recently gained a huge amount of attention, as users from all over the world participate in the U.S. presidential election.In this election period alone the trading volume of Polymarket reached $3.5 billion. Following Donald Trump’s victory, <a href="https://www.reuters.com/world/us/thousands-election-gamblers-anticipate-betting-jackpot-after-trump-win-2024-11-06/" rel="noopener noreferrer nofollow">$450 million</a> is expected to be distributed to users. However, the French regulators are concerned about the platform possibly offering unlicensed gambling services, with possible legal action against the platform in the future.<h2 id="header-0">Record Trading Volume</h2>Polymarket’s operations caught ANJ’s attention after a dramatic surge in betting activity. The platform attracted global users, particularly during the U.S. presidential election. Notably, a French trader known as Theo placed multimillion-dollar bets on Trump’s re-election. According to reports, Theo secured a $47 million payout, prompting further regulatory inquiry.The rising popularity of Polymarket’s prediction markets has triggered concerns about its compliance with French gambling laws. The local news outlet The Big Whale has reported that ANJ is now investigating the platform, reviewing its operations, and assessing its legal status in France.<a href="https://cryptotale.org/france-investigates-polymarket-over-unlicensed-operations/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

France Investigates Polymarket Over Unlicensed Operations

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