Polymarket is legally barred from serving U.S. customers, yet data shows American-linked wallets remained the platform's largest source of political betting volume over the past year. These wallets traded $571 million in political contracts, exceeding activity from any other country. Much of the money flowed toward markets tied to foreign conflicts, contracts that regulated U.S. venues do not offer. The figures highlight the persistent gap between regulatory restrictions and actual user behavior on decentralized prediction platforms, where geographic controls can be difficult to enforce. The concentration in foreign-conflict markets suggests U.S. participants are seeking exposure to event categories unavailable domestically. The findings raise ongoing questions about how effectively bans limit access to offshore prediction markets and whether current enforcement mechanisms meaningfully deter participation from restricted jurisdictions as trading volumes continue to climb.
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