US wallets led Polymarket with $571M in political bets despite legal ban

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American-linked crypto wallets traded $571 million worth of political prediction contracts on Polymarket over the past year, making the United States the platform's largest market by volume. This activity occurred despite Polymarket being legally prohibited from serving U.S. users. The trades were concentrated in foreign-conflict markets, which are not available on domestic U.S. prediction platforms. The findings highlight a significant enforcement gap between Polymarket's user restrictions and actual trading behavior.

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