French regulator slams addictive qualities of predictions markets
Autorité Nationale des Jeux (ANJ), the Gambling Authority of France, has condemned the ‘addictive characteristics’ of prediction markets.
In a strongly worded statement published this morning, the ANJ reiterated the illegal status of prediction markets in France while drawing parallels to cryptocurrency trading.
The French government has been taking a firm stance against predictions, coming amid a significant overhaul of the regulated gambling market following the introduction of new taxes last year.
In December 2024, the regulator ordered Polymarket to cease trading, becoming one of the first in a long list of European countries which have kicked out the world’s largest prediction platform.
In today’s statement, the ANJ doubled down on its stance that prediction markets have ‘several addictive characteristics’ and essentially place the platforms in the same bracket as illegal gambling companies.
The regulator argued that the 24/7 availability of predictions, the absence of any bu..