Regulation Defied: US Users Bypass Geoblocks to Dominate Polymarket Political Bets
New research from Allium reveals that US-based users are aggressively bypassing geoblocks to participate in political betting on Polymarket. Despite the decentralized platform's attempts to restrict US citizens, Americans have emerged as the single largest political market by contract volume and wallet count, effectively neutralizing local restriction efforts.
This surge highlights a significant shift in how political sentiment is traded, as demand moves offshore to evade US oversight. By operating beyond the reach of domestic regulators, these users are driving massive liquidity into prediction markets, proving that the appetite for decentralized political forecasting remains unstoppable despite regulatory hurdles.
Allium's report emphasizes that blocking access did not end US participation; instead, it made the US the largest single political market on Polymarket by volume. This activity is distinct from 'Polymarket US', a regulated platform launched in December with a narrower scope. The report concludes that the demand for these markets remains intense, but it has simply moved offshore and beyond the reach of US oversight.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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