Polymarket to challenge French ban after 'disappointing' ANJ decision

Polymarket (POLYMARKET) intends to challenge the French gaming authority's decision to block the prediction markets website in the country, it said Wednesday.

"We are disappointed by the French gaming authority's (ANJ) sudden decision to unilaterally block our website," the company said in a statement to Seeking Alpha.

Still, the prediction markets platform hasn't given up on France. "Although we disagree with the ANJ's action, France has demonstrated a strong commitment to financial and technological innovation, and our recent discussions with French authorities have been constructive and encouraging," a Polymarket spokesperson said. 

It will continue the talks with French authorities, the person added.

While Polymarket (POLYMARKET) had blocked trading from France since November 2024, it had continued to allow French users to access the website as an information source. "We were therefore surprised at the ANJ decision to block access to our entire website because their measure targets people going to Polymarket purely for information, not to trade," the spokesperson said.