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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting tightening European regulatory scrutiny over crypto-based prediction markets, France’s National Gambling Authority (ANJ) has ordered internet service providers to block access to Polymarket. The regulator classifies the platform’s operations as unauthorized illegal gambling, carrying potential fines of up to 100,000 euros for those advertising the service. Furthermore, French authorities cited specific concerns regarding outcome manipulation, including the potential hacking of weather sensors tied to betting contracts.
This French escalation follows a period of intense global scrutiny for Polymarket, which processed billions in volume during recent political cycles. According to legal reports, this crackdown mirrors previous actions in the United States, where the platform reached a $1.4 million settlement with the CFTC in 2022 for operating without a license. France’s decision to implement a technical block marks one of the most aggressive stances by an EU member state against decentralized prediction markets to date.
Traders should monitor whether this regulatory contagion spreads to other EU jurisdictions, impacting overall platform liquidity. While specific instrument prices are unavailable at this close, broader market sentiment may be influenced by upcoming macro catalysts, including speeches by Fed officials Bowman and Waller on July 13, 2026, which could dictate risk appetite across the digital asset and prediction market sectors.