France May Ban Crypto Betting Platform Polymarket

[Lucius]

It's going to be a big risk for gamblers if they uses VPN or Tor if they want to play on a gambling platform that is blocklisted, so I wouldn't go that far if you are a French gambler.
~snip~

It all depends on the policy of the company that offers such a service - but if you already have an online casino/bookmaker that accepts cryptocurrencies, then there is not much logic in prohibiting the use of tools that enable user privacy. If someone wants to be anonymous while doing such things online, then crypto betting/casinos with the use of a VPN are an ideal combination.

[yhiaali3]

I am not surprised that France has such strict laws towards crypto, but I am surprised that a big bet by a French man attracts the attention of the French government!!

If we look at the news from another perspective, it shows the extent of surveillance and privacy violation that France practices against its citizens, this means that everything is monitored by the government.

I use a vpn to access my accounts on OKX, Kucoin, Bitget exchanges and sometimes by chance I get a French IP and then I receive a warning message that these services may be banned in France, this is another indication of the strict laws in France towards crypto.

[Z-tight]

Might as well ban the crypto market if they can’t stand seeing people succeed and make a profit. France has been tough already....

I don't think this has anything to do with the crypto market or that they don't want to see people succeed. The gambling platform is not registered under their laws, so it is an illegal platform and they have a right to ban it. This is what i understand from the story, but it is true that the authorities were attracted due to the money that person won.

[ABCbits]

It's going to be a big risk for gamblers if they uses VPN or Tor if they want to play on a gambling platform that is blocklisted, so I wouldn't go that far if you are a French gambler.
~snip~

It all depends on the policy of the company that offers such a service - but if you already have an online casino/bookmaker that accepts cryptocurrencies, then there is not much logic in prohibiting the use of tools that enable user privacy. If someone wants to be anonymous while doing such things online, then crypto betting/casinos with the use of a VPN are an ideal combination.

Such gambler will have hard time when the casino ask for KYC verification though, especially if that casino isn't registered in French.

Might as well ban the crypto market if they can’t stand seeing people succeed and make a profit. France has been tough already....

I don't think this has anything to do with the crypto market or that they don't want to see people succeed. The gambling platform is not registered under their laws, so it is an illegal platform and they have a right to ban it. This is what i understand from the story, but it is true that the authorities were attracted due to the money that person won.

I also have similar understanding of this news. Although i doubt Polymarket can even register legally, considering no KYC and offering betting on all kind of events.

[Lucius]

It's going to be a big risk for gamblers if they uses VPN or Tor if they want to play on a gambling platform that is blocklisted, so I wouldn't go that far if you are a French gambler.
~snip~

It all depends on the policy of the company that offers such a service - but if you already have an online casino/bookmaker that accepts cryptocurrencies, then there is not much logic in prohibiting the use of tools that enable user privacy. If someone wants to be anonymous while doing such things online, then crypto betting/casinos with the use of a VPN are an ideal combination.

Such gambler will have hard time when the casino ask for KYC verification though, especially if that casino isn't registered in French.

I was primarily thinking of online casinos/bookies that are free KYC (and as far as I can see there are such) - they don't have to worry too much about any ban as long as their clients know how to access them even in the event that ISP providers officially block access that website.

As far as I know, the BTT forum is blocked in Russia, but their community is still the most numerous on that forum - which means that people are resourceful.

[Asiska02]

Might as well ban the crypto market if they can’t stand seeing people succeed and make a profit. France has been tough already....

I don't think this has anything to do with the crypto market or that they don't want to see people succeed. The gambling platform is not registered under their laws, so it is an illegal platform and they have a right to ban it. This is what i understand from the story, but it is true that the authorities were attracted due to the money that person won.

It seems the betting platform had some allegations in the past before and this may not be their first time. They may also be getting the ban due to illegality in them not registering appropriately in the required board in the country. If money was what have attracted the government to give them a ban, then it may be that they’ll lose everything and may never be active again. The government will want to squeeze them all off their money as how big they are to make a very big payout to the man that won that bet.