Polymarket, the blockchain-based prediction market platform, is facing a potential ban in France following a trading volume of $3.5 billion during the recent U.S. presidential election. France's National Gaming Authority is reportedly considering restricting access to the platform due to concerns raised by significant bets placed by a trader named Theo on Donald Trump's victory. Previously, pressure has mounted on Polymarket, with regulatory scrutiny from authorities in the U.S. as well. The platform, which operates on blockchain technology and does not require identity verification, has attracted billions in bets. Despite the looming ban, observers note that users could still access the site through VPNs. Polymarket has previously indicated that it does not endorse manipulation on its platform, asserting that bets made by Theo were based on personal views. The potential ban reflects ongoing regulatory challenges faced by prediction markets globally, even as these platforms continue to engage users and process large volumes in trade.

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