Is Polymarket legit?
Is Polymarket legitimate? Factors suggesting legitimacy: Has operated since 2020.
). CFTC resolved regulatory issues in the US. Publicly transparent with on-chain trades.
Concerns suggesting caution: Multiple countries have banned it. Documented insider trading cases. Most users lose money.
Ongoing lawsuits with states. VPN bans and frozen funds. NY Times reported false information published.
Conclusion: Polymarket is a legitimate company but with significant risks and controversies. It's not a scam but operates in a legally and ethically gray area. Use with caution and understanding of the risks.
Never invest more than you can afford to lose.