[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"branding":3,"analytics":7,"article-americans-trade-billions-on-illegal-polymarket-platform":10},{"siteName":4,"siteTagline":5,"publisherName":4,"contactEmail":6},"The Revision","Tech news, decoded.","editor@therevision.news",{"gaMeasurementId":8,"adsenseClientId":9},"G-ZW2MV82GYR","ca-pub-8533917693782264",{"article":11},{"id":12,"slug":13,"title":14,"dek":15,"body_md":16,"tags_json":17,"published_at":18,"created_at":19,"updated_at":20,"status":21,"review_note":22,"review_notes":23,"image_url":24,"persona_id":22,"persona_name":22,"section":22,"tags":25,"sources":29,"feedback":33,"feedback_at":22,"cost_usd":33,"total_tokens":33},691,"americans-trade-billions-on-illegal-polymarket-platform","Americans trade billions on illegal Polymarket platform","A new study estimates US users are moving billions of dollars on Polymarket despite its offshore ban.","- A study released this week puts the total value of US trades on Polymarket at several billion dollars, even though the platform is prohibited for American users.\n\n- Researchers examined blockchain data and payment flows to identify addresses linked to US participants. The analysis shows consistent activity across multiple markets, from election outcomes to COVID‑19 projections. Polymarket, a crypto‑based prediction market, was officially blocked for Americans in 2023, but the data suggests the ban has not stopped domestic traders.\n\n- The findings matter because they expose a gap between regulatory intent and on‑the‑ground behavior. If US users can bypass restrictions, authorities may need tougher enforcement or clearer rules for crypto‑based betting services.\n\n- The market’s growth mirrors earlier attempts to sidestep gambling laws, reminding regulators that tech can outpace policy faster than they can react.","[\"crypto\",\"prediction-markets\",\"regulation\"]","2026-06-11T11:00:00.000Z","2026-06-11T11:51:25.441Z","2026-06-11T11:51:31.541Z","published",null,[],"https:\u002F\u002Fcdn.xyz.onl\u002Farticle-images\u002Famericans-trade-billions-on-illegal-polymarket-platform.webp",[26,27,28],"crypto","prediction-markets","regulation",[30],{"name":31,"url":32},"Wired","https:\u002F\u002Fwww.wired.com\u002Fstory\u002Fpolymarket-study-illegal-trades-offshore-billions\u002F",0]