French Regulators Investigate $48M Trump Bet on Polymarket
TL;DR Summary
The French National Gaming Authority is investigating the crypto betting platform Polymarket, backed by Peter Thiel's Founders Fund, for operating without authorization in France. The platform, which allows users to bet on high-profile events using cryptocurrency, gained attention during the U.S. presidential election when a French user wagered $28 million on Donald Trump. Polymarket claims its prediction markets are highly accurate, but French regulators are considering a ban.
Topics:business#cryptocurrency#financial-services#french-national-gaming-authority#peter-thiel#polymarket#us-election
- French regulator probes Peter Thiel-backed betting platform POLITICO Europe
- How the Trump Whale Correctly Called the Election The Wall Street Journal
- How One Polymarket Gambler’s Big Bet on Trump Paid Off The Daily Beast
- Polymarket’s French Whale Scores a $48 Million Trump Jackpot Bloomberg
- The Polymarket 'Trump Whale' made almost $50 million betting on the election. Regulators are closing in Quartz
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