The French National Gaming Authority (ANJ) is reviewing the operations of Polymarket, a cryptocurrency-based predictive market platform, to determine whether it complies with local rules after a surge in user demand from the platform during the U.S. presidential election, the Internet reported. "We are aware of the site and are currently reviewing its operations and compliance with French gambling regulations," an ANJ spokesman said on Thursday. ANJ is expected to ban French users from accessing Polymarket, according to crypto news outlet The Big Whale reported late Wednesday. Previously, Polymarket identified an anonymous trader as French who made large bets on the platform in support of Trump's election victory. Calculations show that the trader, who uses the user name Fredi9999, is expected to make approximately $48 million in betting profits across four accounts. According to regulations on the government website, any new gambling market must be authorized in advance by ANJ.