France's Loi Sapin II (2017) bans electronic CFD/forex/binary-options advertising to retail, but does not ban contests themselves. Cash-equity / PEA / ETF virtual-portfolio contests thrive: ABC Bourse Grand Jeu Boursier runs continuously with quarterly cash prizes, Saxo Bank's Talents du Trading (€20K) routes through BFM Business as editorial content — the legal loophole. NextWise Next Challenge is the pan-EU Euronext-affiliated game covering France + 6 other countries. Crédit Agricole regional Jeux Boursiers and Euronext / AMF educational sims fill out the layer.
AMF + Loi Sapin II: cash-equity/PEA virtual contests OK; CFD/forex advertising to retail is banned, killing most broker-tournament discovery channels.
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