Polymarket to fight France's nationwide ban over illegal gambling concerns

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Prediction market platform Polymarket is preparing to legally challenge a nationwide website block imposed by French authorities. France's gambling regulator ordered the ban on grounds that Polymarket continued to promote illegal gambling activity within the country. Regulators also raised concerns around financial loss risks, inadequate identity verification, and potential market manipulation on the platform. The dispute highlights growing regulatory scrutiny of prediction markets as they expand into new jurisdictions.

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