Polymarket woes

[SassyLady]

https://nypost.com/2024/11/13/business/fbi-seizes-polymarket-ceos-phone-electronics-after-betting-platform-predicts-trump-win-source/

[fj1200]

The retribution angle seems far fetched.


Polymarket does not allow trading in the US, though bettors can bypass the ban by accessing the site through a VPN.

The law does not allow US trading.


Though U.S. election betting is newly legal (https://www.nbcnews.com/politics/2024-election/election-betting-newly-legal-risks-getting-confused-polls-rcna177880) in some circumstances, Polymarket is not supposed to allow U.S. users after the Commodity Futures Trading Commission halted its operations in 2022, but its userbase largely operates through cryptocurrency, which allows for easy anonymity.
https://www.nbcnews.com/tech/tech-news/fbi-raids-polymarket-ceo-shayne-coplans-apartment-seizes-phone-source-rcna180180