Americans Defy U.S. Ban, Trading $571 Million on Polymarket Political Bets
U.S.-linked wallets traded $571 million in political contracts over the past year, more than any other country, even though the platform legally cannot serve them. The money leans toward the foreign-conflict markets U.S. venues do not list.
A recent report reveals that despite facing a ban from the U.S. authorities, American traders have engaged in high-stakes political betting on the platform Polymarket, with transactions amounting to a staggering $571 million.
The data shows that U.S.-linked wallets have been highly active in trading political contracts over the past year, surpassing the activity of any other nation. This trend is even more noteworthy considering the legal restrictions that prevent the platform from directly catering to American users.
Interestingly, a significant portion of the traded funds on Polymarket gravitate towards markets related to foreign conflicts, which are notably absent from U.S.-based trading venues.