Polymarket, a blockchain prediction market, may face a ban in France. The national gambling authority, ANJ, views its operations as unlicensed gambling, especially in light of its role in the U.S. presidential elections. This scrutiny could lead to regulatory action after the 2024 U.S. election.
The 2024 US presidential elections could significantly impact the cryptocurrency industry, influencing both short- and long-term trends.
Fairshake, a crypto-backed PAC, plans to inject $180M into the 2024 U.S. elections. Supported by Coinbase and Ripple, they aim to influence election outcomes favorably towards cryptocurrencies.
Crypto betting on the 2024 US election is booming on platforms like Polymarket despite regulatory scrutiny by US authorities.