This update is related to the investigation launched by the French regulator (ANJ) in relation to Polymarket in early November. Then a story spread on the Internet about an anonymous betterer from France, who bet more than $45m on Donald Trump's victory from several accounts. As a result, he earned about $47m on top. This was the starting point in the ANJ investigation.
The announcement on the Polymarket website says that by its decision to stop betting operations in the country, the company expresses its readiness for dialogue with the authorities and commitment to compliance with local legislation.
The hype that arose on Polymarket during the presidential elections in the United States brought the platform not only good PR, but also serious problems. And not only in France. In the United States, the FBI raided the home of the company's CEO and confiscated a phone and computer.
Paydex — payment ecosystem for e-commerce businesses of any size
The announcement on the Polymarket website says that by its decision to stop betting operations in the country, the company expresses its readiness for dialogue with the authorities and commitment to compliance with local legislation.
The hype that arose on Polymarket during the presidential elections in the United States brought the platform not only good PR, but also serious problems. And not only in France. In the United States, the FBI raided the home of the company's CEO and confiscated a phone and computer.
Paydex — payment ecosystem for e-commerce businesses of any size