Market News: French regulators review prediction market platform Polymarket after Trump's crypto bets

Odaily Planet Daily Report: The French National Gambling Authority (ANJ) is reviewing the operations of the cryptocurrency-based prediction market platform Polymarket to determine if it complies with local rules, as user demand surged during the US presidential election. An ANJ spokesperson said on Thursday: "We are aware of this website and are currently checking its operations and compliance with French gambling laws." According to the cryptocurrency news media The Big Whale, ANJ is expected to ban French users from accessing Polymarket. Previously, Polymarket confirmed that an anonymous trader who placed large bets supporting Trump's victory in the election was French. Calculations show that this trader, with the username Fredi9999, is expected to receive around $48 million in betting profits across four accounts. According to the government website, any new gambling market must be authorized by ANJ in advance.