Polymarket Tightens Verification Rules as Regulatory Pressure Mounts

[kevin1]

Polymarket is moving away from its traditionally permissionless approach as the prediction market platform increases identity verification efforts and cracks down on VPN usage. While most international users can still trade through connected crypto wallets, the company is reportedly paying closer attention to suspicious activity and enforcing stricter geographic restrictions.

According to reports, users attempting to bypass regional restrictions through VPNs could face account suspensions or permanent bans. Large traders and accounts exhibiting unusual deposit and withdrawal patterns may also be asked to complete identity verification checks as part of enhanced compliance measures.

The changes come as regulators and lawmakers increase scrutiny of prediction markets. With investigations underway and compliance demands growing, Polymarket appears to be prioritizing regulatory stability even if it means reducing some of the privacy and accessibility that helped fuel its early growth.

[etfs]

polymarket’s journey from “just connect your wallet” to “please verify your identity” is crypto’s coming-of-age story