As Polymarket gamblers worldwide cash in on their winnings following President Donald Trump’s re-election victory over Vice President Kamala Harris, France’s top gambling regulator is announcing an investigation into the popular gambling platform.
According to a new report from Reuters, France’s gambling regulator, the Autorité Nationale des Jeux (ANJ), is turning its focus on Polymarkets following the platform’s surge in popularity.
ANJ spokesperson Elsa Trochet-Mace said in an emailed statement to Reuters:
“We are currently investigating its operation and compliance with French gambling legislation.”
While Polymarket has yet to officially respond to the reports, the platform’s X account sent a sharp message to opponents this morning.
“Don’t trust the mainstream media.”
Polymarket is a decentralized prediction market platform where users bet on event contracts and predict the outcome of various events. Currently, bettors on Polymarkets believe there is a 30% chance that Trump will nominate the DOGEfather himself, Elon Musk, for his second term cabinet.
The success of the gambling market has inspired competitors, such as Robinhood and Kalshi, to launch similar contract products for gambling events. Kalshi today just applied for an event contract from the Commodities and Futures Trading Commission (CFTC) so bettors can predict when Trump will receive his third impeachment.
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Generated image: Midjourney