French Regulators Investigate $48M Trump Bet on Polymarket
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.