France’s gambling regulatory authority has reaffirmed its stance that prediction markets are strictly forbidden under the country’s legal framework. The Autorité Nationale des Jeux (ANJ) issued a cautionary statement emphasizing that these platforms resemble gambling in their risk profile but operate without the necessary safeguards mandated by law. This move underscores France’s firm regulatory posture concerning innovative betting formats. France Prediction Markets
The ANJ has explicitly clarified that prediction markets are illegal in France. In its statement, the regulator highlighted that these platforms display “several addictive characteristics,” drawing attention to their structural similarities to traditional gambling, despite their different presentation. The authority pointed out that their design permits ongoing engagement without the protections typically associated with licensed gambling operators. Such protections include restrictions on accessibility and the implementation of consumer safeguarding measures. The ANJ stressed that the absence of these safeguards heightens the risk of gambling-related harm. Consequently, any operators offering prediction markets without proper authorization are considered to be contravening French law.
Furthermore, the ANJ underscored the lack of regulatory safeguards that are standard in licensed gambling operations. These include measures such as identity verification, time limits, and responsible gambling initiatives. Without these controls, users may be more susceptible to excessive or problematic participation. The regulator warned that prediction markets could foster conditions conducive to problematic behaviors. This stance aligns with France’s broader strategy of maintaining rigorous oversight over all betting-related activities. The authority reiterated that only licensed operators are permitted to offer wagering products within the country, and any platforms operating outside this legal framework remain prohibited.
The ANJ also expressed concerns about the potential risks associated with prediction-based wagering models. It noted that such platforms could incentivize participants to manipulate outcomes, thereby posing integrity issues. This concern is particularly relevant where financial incentives are directly linked to specific results. The authority emphasized the importance of safeguarding both consumers and the integrity of events. As prediction markets gain popularity worldwide, regulatory bodies are increasingly scrutinizing their implications. France’s firm stance maintaining a prohibition reflects a cautious approach aimed at preempting potential harms associated with these new betting formats.
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This position aligns with the approach taken by several other European countries that have adopted restrictive policies toward prediction markets. The ANJ has already taken enforcement measures against platforms operating without proper authorization. These actions are part of a broader initiative to combat illegal gambling activities and to protect licensed operators. The authority reaffirmed its commitment to monitoring emerging betting innovations and to enforcing compliance where violations are identified. This demonstrates France’s ongoing dedication to preserving a tightly controlled gambling environment.
