Any thoughts on if/when Polymarket might be available again in the US? I found their Compliance Update which says they are still looking to build a US product, but given the recent CFTC settlement it’s hard to tell how likely this is to happen.
Of course, one pleasingly meta way to get at this question would be to create a new prediction market asking “Will Polymarket be available in the US on [date]”, but I wonder if Polymarket would be willing to put up a market like this, since the regulators they are dealing with might not find it amusing.
FWIW it is totally legal for Americans to trade on polymarket via a VPN or similar; it’s just not legal for polymarket itself to offer services to people with US IP addresses
Yeah it’s definitely against poly’s terms of service but not against US law (otherwise they wouldn’t be complying with the prohibition on offering their services to US customers)
Any thoughts on if/when Polymarket might be available again in the US? I found their Compliance Update which says they are still looking to build a US product, but given the recent CFTC settlement it’s hard to tell how likely this is to happen.
Of course, one pleasingly meta way to get at this question would be to create a new prediction market asking “Will Polymarket be available in the US on [date]”, but I wonder if Polymarket would be willing to put up a market like this, since the regulators they are dealing with might not find it amusing.
FWIW it is totally legal for Americans to trade on polymarket via a VPN or similar; it’s just not legal for polymarket itself to offer services to people with US IP addresses
I’m not a lawyer, but their newest Terms of Service imply otherwise:
Not sure how willing and able they would be to enforce such a regulation, but that’s a different question. (Not legal advice!)
Yeah it’s definitely against poly’s terms of service but not against US law (otherwise they wouldn’t be complying with the prohibition on offering their services to US customers)