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Polymarket: US ban fails to stop political betting

CoinNetwork
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CoinJie.com news: Although Polymarket lists the United States as a restricted country, wallets associated with the US are still the largest political trading group on the platform. In a report dated July 3, blockchain data company Allium said the US is the largest country by contract trading volume in political markets. The company stated that its data only covers about 6% of wallets with country tags, so the results should be treated as indicative. Even so, Allium said the pattern is clear enough to show that US demand has not vanished after the access restrictions. The report said, “Blocking access has not ended US participation.” It added that activity has shifted overseas, beyond direct US regulation. Despite Polymarket banning US users, on-chain data shows they are its largest political demographic, with trading volume four times that of the second-largest country. Surprisingly, Hong Kong and Indonesia follow closely by trading volume, even though they have fewer wallets.
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GateUser-3d750846
· 5h ago
On-chain borderless, KYC is virtually nonexistent.
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UnderTheGlassDome
· 9h ago
Four times the data of the second place, Americans are really heavy gamblers.
View OriginalReply0
0XsundayCook
· 10h ago
The strong demand for political prediction markets is right here; it's better to channel than to block.
View OriginalReply0

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