France's gambling regulator said it's looking into Polymarket to determine compliance with domestic laws.That comes after one "whale" who

French regulators consider banning Polymarket following $3.5 billion in US election betting volume and a $47 million payout to a single French trader.

A French-based gambler earned almost $79 million from betting on Donald Trump’s presidential win across nine Polymarket accounts. Meanwhile, the French government threatens to ban the betting site.