Polymarket Shuts Out French Users Amid Growing Regulatory Concerns Over Prediction Markets
In a significant move reflecting tightening regulatory scrutiny, Polymarket, a prominent prediction market platform, has implemented a ban on users from France. This decision comes as regulators and government authorities across Europe are increasingly focusing on the operation of online betting platforms, particularly those that allow users to wager on the outcome of various events.
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FanDuel Owner Flutter Surprises with Strong Sales but Signals Caution Ahead
In a recent earnings report, Flutter Entertainment, the parent company of popular sports betting platform FanDuel, outperformed sales expectations amid a fluctuating landscape for online gambling. The company revealed that its revenue for the recent quarter surged, reflecting Rising participation in online sports betting and gambling, particularly in the U.S. market.
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DraftKings Lowers 2025 Sales and Profit Forecast, Shares Plunge
In a significant turn of events for the online sports betting giant, DraftKings has announced a reduction in its revenue and profit forecasts for the year 2025. This unexpected move has sent shockwaves through the stock market, culminating in a sharp decline in the company’s share prices. The announcement comes as the company grapples with a rapidly evolving landscape in the gaming sector, where competition is intensifying and regulatory hurdles continue to emerge.
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