Polymarket Faces DOJ Investigation for Allowing U.S. Residents to Trade on Platform Despite Regulatory Settlement
The Department of Justice is investigating Polymarket for allegedly allowing US residents to trade on its platform, which goes against a regulatory settlement. Despite blocking US IP addresses, legal experts suggest this may not be enough to comply with US regulations, especially for companies with a history of regulatory issues like Polymarket. Cybersecurity experts note that the only way to prevent access from restricted countries is through identification, but this puts law-abiding users' personal data at risk.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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