{"id":31313,"date":"2024-10-23T13:30:49","date_gmt":"2024-10-23T10:30:49","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31313"},"modified":"2024-10-23T11:52:05","modified_gmt":"2024-10-23T08:52:05","slug":"polymarket-tightens-restrictions-on-u-s-presidential-election-bets-amid-vpn-concerns","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/polymarket-tightens-restrictions-on-u-s-presidential-election-bets-amid-vpn-concerns\/","title":{"rendered":"Polymarket Tightens Restrictions on U.S. Presidential Election Bets Amid VPN Concerns"},"content":{"rendered":"<p><strong>Polymarket<\/strong>, a cryptocurrency-based predictions platform, is increasing efforts to ensure that users placing large bets on the 2024 U.S. presidential election are located outside the United States. This action comes after concerns surfaced that some U.S. residents might be bypassing platform restrictions by using virtual private networks (VPNs). U.S. residents are prohibited from participating in <strong>Polymarket<\/strong>, prompting the platform to reassess its compliance checks, especially for high-value wagers.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-31314 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/trump.webp\" alt=\"polymarket\" width=\"984\" height=\"737\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/trump.webp 984w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/trump-300x225.webp 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/trump-768x575.webp 768w\" sizes=\"auto, (max-width: 984px) 100vw, 984px\" \/><\/p>\n<p>Currently, Polymarket\u2019s odds favor Donald Trump with a 63.7% chance of winning the election, compared to Vice President Kamala Harris\u2019s 36.2%. These odds, however, contrast sharply with traditional polls such as a Reuters survey, which shows Harris leading Trump at 46% to 43%. The influx of pro-Trump bets, particularly from whales like the user \u201cFredi9999,\u201d who has wagered over $20 million on Republican outcomes, has raised questions about potential market manipulation.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/what-is-babydoge\/\">What is BabyDoge?<\/a><\/em><\/p>\n<p>Polymarket\u2019s competitor, Kalshi, also shows Trump leading Harris with 60% odds. Kalshi\u2019s founder, Tarek Mansour, defends the platform\u2019s results, stating that the betting activity is balanced. Despite these claims, investor Mark Cuban emphasized that most of the funds for Polymarket\u2019s election market come from foreign sources, potentially skewing the odds. Polymarket previously settled a $1.4 million case with the U.S. Commodity Futures Trading Commission (CFTC) for regulatory non-compliance.<\/p>\n<hr \/>\n<p><em>You can join our <strong><a href=\"https:\/\/t.me\/coinengineernews\">Telegram<\/a> <\/strong>channel to not miss the news and stay informed about the crypto world.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polymarket, a cryptocurrency-based predictions platform, is increasing efforts to ensure that users placing large bets on the 2024 U.S. presidential election are located outside the United States. This action comes after concerns surfaced that some U.S. residents might be bypassing platform restrictions by using virtual private networks (VPNs). U.S. residents are prohibited from participating in<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3014,9081,7155,9082],"class_list":["post-31313","post","type-post","status-publish","format-standard","hentry","category-genel","tag-polymarket","tag-polymarket-us-election","tag-us-election","tag-us-election-odds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Polymarket Tightens Restrictions on U.S. Presidential Election Bets Amid VPN Concerns - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/polymarket-tightens-restrictions-on-u-s-presidential-election-bets-amid-vpn-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polymarket Tightens Restrictions on U.S. Presidential Election Bets Amid VPN Concerns - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Polymarket, a cryptocurrency-based predictions platform, is increasing efforts to ensure that users placing large bets on the 2024 U.S. presidential election are located outside the United States. This action comes after concerns surfaced that some U.S. residents might be bypassing platform restrictions by using virtual private networks (VPNs). 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