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suegeo

(2,939 posts)
4. French regulator probes Peter Thiel-backed betting platform
Thu Nov 14, 2024, 09:53 AM
Nov 2024
https://www.politico.eu/article/french-regulator-opens-probe-into-election-betting-platform-polymarket/

The French National Gaming Authority is investigating crypto betting platform Polymarket, the regulator told POLITICO on Thursday.

"We are familiar with this site and are currently examining its operation and compliance with France's legislation on gambling," the National Gaming Authority said.

Polymarket is a platform that allows users to bet with cryptocurrency on the outcome of various high-profile events and it surged in popularity during the U.S. presidential election. In May, tech billionaire Peter Thiel's Founders Fund led a $45 million round of investment into Polymarket.

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