Polymarket, the blockchain-based gambling platform, has been launched on Solana, allowing users to deposit using the network, the company announced On Monday via X.
Known for its Real-Money prediction markets, Polymarket enables users to bet on a wide range of topics, which makes opportunities dynamically adapted based on market activity.
The current controversial bets include the political future of world leaders, the outcome of the upcoming elections of Canada and the price movements of cryptocurrency.
More unconventional bets include whether Jesus Christ will return in 2025, which has currently awarded a probability of 3%.
The number of users involved in blockchain-based gambling platforms has increased, with ambitions to conquer a fraction of the figures of the traditional gambling industry.
Is expected to grow $ 133.59 billion By 2029 and collecting more than 25 million users in 2022, the traditional market explodes, with estimates that suggest nearly 40 million users in 2025.
With more than $ 11.4 billion in trade volumes In the past year, Polymarket has built up a reputation for the accurate predicting of events, including the outcome of the US Presidential election Last November.
However, the platform has also confronted with regulatory research.
Last year the authorities in Taiwan continued a person for the use of the platform to bet on the presidential elections of the nation, where local gambling laws scored. Authorities in countries such as Thailand, Singapore and France have banned the site.
The platform is also officially forbidden for American users after one 2022 SAMENT With the Commodity Futures Trading Commission “For offering off-Exchange event-based binary option contracts and not obtaining designation as a designated contract market (DCM) or registration as a SWAP version facility.”
In November 2024, the FBI fell over the New York apartment of CEO Shayne Coplan and he grabbed his phone as part of a study into the use of the platform by American customers.
Despite the headwind of the regulations, the status of polymarket seems to be shifting in political and financial circles.
On March 8, Coplan participated in the White House Digital Roundtable, a crypto summit attended by President Trump and high-profile CEOs, founders and investors in the industry.
Announcement The invitation to X, he praised the evolving attitude of the government and stated: “The dedication of this manager to cooperation with American innovators revitalizes the American dream. The future is rosy.”
Published by Sebastian Sinclair
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