Polymarket Faces DOJ Investigation for Allowing U.S. Residents to Trade on Platform Despite Regulatory Settlement

11/14 15:10

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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.

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