Polymarket.com - Bets on any events (politics, sports, crypto markets, and more)

[Hispo]

Polymarket was blocked today in Brazil by the Central Bank authority

https://www.bcb.gov.br/estabilidadefinanceira/exibenormativo?tipo=Resolu%C3%A7%C3%A3o%20CMN&numero=5298

Just can't access it without a VPN.

On the other hand, B3 (Brazil stock exchange) will open its own predictive market tool.

Just my personal opinion, but it seems to me people within the government and regulation of stocks in Brazil want people to stop using Polymarket and gramble with money on those national websites and platforms, because it means there will be an steady flow of income in the form of fees for both private actors and also the government.
Still, it is rather a pointless block, because Polymarket does not need any thing beyond an address and money in other to be useful for anyone, and anyone within the world of cryptocurrency would have a minimum of idea how to handle and VPN and understand how bypass those blocks put in place by governments.

It won't change a thing, unless Brazil starts to prosecute those who violate the blockage and try to bet on polymarket.

[bitmover]

Polymarket was blocked today in Brazil by the Central Bank authority

https://www.bcb.gov.br/estabilidadefinanceira/exibenormativo?tipo=Resolu%C3%A7%C3%A3o%20CMN&numero=5298

Just can't access it without a VPN.

On the other hand, B3 (Brazil stock exchange) will open its own predictive market tool.

Just my personal opinion, but it seems to me people within the government and regulation of stocks in Brazil want people to stop using Polymarket and gramble with money on those national websites and platforms, because it means there will be an steady flow of income in the form of fees for both private actors and also the government.
Still, it is rather a pointless block, because Polymarket does not need any thing beyond an address and money in other to be useful for anyone, and anyone within the world of cryptocurrency would have a minimum of idea how to handle and VPN and understand how bypass those blocks put in place by governments.

It won't change a thing, unless Brazil starts to prosecute those who violate the blockage and try to bet on polymarket.

Blocking websites is more effective than people think.

I am accessing polymarket way less than before the block. Now, I have to use Tor or VPN to access it. I just can't in a normal computer.

There are many people who doesn't care about installing such software, and simply stop accessing it...

[Hispo]

Polymarket was blocked today in Brazil by the Central Bank authority

https://www.bcb.gov.br/estabilidadefinanceira/exibenormativo?tipo=Resolu%C3%A7%C3%A3o%20CMN&numero=5298

Just can't access it without a VPN.

On the other hand, B3 (Brazil stock exchange) will open its own predictive market tool.

Just my personal opinion, but it seems to me people within the government and regulation of stocks in Brazil want people to stop using Polymarket and gramble with money on those national websites and platforms, because it means there will be an steady flow of income in the form of fees for both private actors and also the government.
Still, it is rather a pointless block, because Polymarket does not need any thing beyond an address and money in other to be useful for anyone, and anyone within the world of cryptocurrency would have a minimum of idea how to handle and VPN and understand how bypass those blocks put in place by governments.

It won't change a thing, unless Brazil starts to prosecute those who violate the blockage and try to bet on polymarket.

Blocking websites is more effective than people think.

I am accessing polymarket way less than before the block. Now, I have to use Tor or VPN to access it. I just can't in a normal computer.

There are many people who doesn't care about installing such software, and simply stop accessing it...

It can be effective in a net number of people who are not tech-savvy enough to install Tor or other similar tools to bypass blocks by the government.
My point is: if someone wants to access a webpage, they will eventually find their way to do it, thanks to those tools. Those who don't, then are not getting as many benefits as the few people who continue to access through VPN or Tor.

One cannot underestimate the will of some people to continue to access their favorite services from their countries, I am talking from my own personal experience as a Venezuelan, a country under a very bad and authocratic regime,.which rules over what can be easily accessed through internet.

[bitmover]

One cannot underestimate the will of some people to continue to access their favorite services from their countries, I am talking from my own personal experience as a Venezuelan, a country under a very bad and authocratic regime,.which rules over what can be easily accessed through internet.

I disnt know you were Venezuelan
Ofc , you are right and anyone can access a website if they truly want. But how many people think it is so important to access polymarket? Less than the total users, ofc. 

Are those websites like polymarket and crypto casinos  blocked in Venezuela as well?

[dwyane36]

Are those websites like polymarket and crypto casinos  blocked in Venezuela as well?

Venezuela is on the list of countries whose users are completely restricted from accessing Polymarket, and that’s just the platform’s own policy. Of course, it’s possible to bypass internet censorship in some countries and the platform’s own restrictions using a VPN, but it’s worth keeping in mind that Polymarket may ban your account for doing so if they catch you.

[joeperry]

Are those websites like polymarket and crypto casinos  blocked in Venezuela as well?

Venezuela is on the list of countries whose users are completely restricted from accessing Polymarket, and that’s just the platform’s own policy. Of course, it’s possible to bypass internet censorship in some countries and the platform’s own restrictions using a VPN, but it’s worth keeping in mind that Polymarket may ban your account for doing so if they catch you.

I think they are pretty aware that some users are using VPN and if I am not mistaken they can easily identify it but it actually depends on the user? I think users who doesn't have that much transaction or balance in the account won't be punished? I'm not sure what are the terms of the Polymarket if they are going to freeze account and block you or you can access your funds but can't use the platform. Anyway, just to make sure, it's better to avoid platforms where your country is restricted to avoid unnecessary conveniences although there are gambling sites which where they allow user to use VPN, you just need to look it up or ask the support to make sure.

[dwyane36]

I think they are pretty aware that some users are using VPN and if I am not mistaken they can easily identify it but it actually depends on the user? I think users who doesn't have that much transaction or balance in the account won't be punished? I'm not sure what are the terms of the Polymarket if they are going to freeze account and block you or you can access your funds but can't use the platform. Anyway, just to make sure, it's better to avoid platforms where your country is restricted to avoid unnecessary conveniences although there are gambling sites which where they allow user to use VPN, you just need to look it up or ask the support to make sure.

If they detect that a user is using a VPN and accessing the polymarket site from a restricted region, they block the ability to place bets on prediction markets, though they still allow you to withdraw funds. But based on my experience, if a VPN is set up properly, they won’t detect it. Nevertheless, you should still be aware of the risks that may potentially arise from using a VPN.

[Hispo]

One cannot underestimate the will of some people to continue to access their favorite services from their countries, I am talking from my own personal experience as a Venezuelan, a country under a very bad and authocratic regime,.which rules over what can be easily accessed through internet.

I disnt know you were Venezuelan
Ofc , you are right and anyone can access a website if they truly want. But how many people think it is so important to access polymarket? Less than the total users, ofc. 

Are those websites like polymarket and crypto casinos  blocked in Venezuela as well?

The government here have blocked many websites which have been used by the population in order to buy digital dollars, cryptocurrency or other decentralized assets. Actually, they managed to block access to Binance for a while in 2024, but binance is again available for anyone to use, there are other webs which continue to be unavailable, though.
In the case of Polymarket, one can easily access from here, but I would not be surprised if these idiots also tried force people to quit Polymarket and use centralized and traditional options to bet on events, so the government can profit off all that volume of money.

If you have any question about this country, you can always ask me about it through a direct message or on some thread about politics or economics.

[mikel_012]

If they detect that a user is using a VPN and accessing the polymarket site from a restricted region, they block the ability to place bets on prediction markets, though they still allow you to withdraw funds. But based on my experience, if a VPN is set up properly, they won’t detect it. Nevertheless, you should still be aware of the risks that may potentially arise from using a VPN.

Can't you just create a new wallet and start betting again with a different VPN that can not be detected? With a market that runs in a blockchain and does not ask for any KYC or documents, you can basically bet without any limits because creating a new wallet is just super easy

And if they let you withdraw freely then there's no risk to lose any money

For me I can access Polymarket even with no VPN even if my country banned it, because the ban is not fully completed yet but only confirmed by a few internet providers.

[NotATether]

If they detect that a user is using a VPN and accessing the polymarket site from a restricted region, they block the ability to place bets on prediction markets, though they still allow you to withdraw funds. But based on my experience, if a VPN is set up properly, they won’t detect it. Nevertheless, you should still be aware of the risks that may potentially arise from using a VPN.

It's all BS. The only blocking that's done is of the trade endpoints for restricted IPs. That's it. There's no other type of enforcement performed.

[joeperry]

...

If they detect that a user is using a VPN and accessing the polymarket site from a restricted region, they block the ability to place bets on prediction markets, though they still allow you to withdraw funds. But based on my experience, if a VPN is set up properly, they won’t detect it. Nevertheless, you should still be aware of the risks that may potentially arise from using a VPN.

Well, that's something. It's actually good to know that they are not freezing the account or trying to hold the balance of the account and I agree with @mikel_012, if that's the case then a user can just create an account every time he will be blocked from placing bet in the platform, however the only cons I can see there is it's very hassle that you need to create an account from time to time but it's still better than most gambling site where if they find out that you are playing on a country where it's ban or restricted, they will not only ask for KYC but they will freeze your account and confiscate all money in your bankroll.

[Haunebu]

If they detect that a user is using a VPN and accessing the polymarket site from a restricted region, they block the ability to place bets on prediction markets, though they still allow you to withdraw funds. But based on my experience, if a VPN is set up properly, they won’t detect it. Nevertheless, you should still be aware of the risks that may potentially arise from using a VPN.

There is definitely a risk involved here, but it's on the lower side here having used different popular VPNs and changing DNS providers over time myself to access it while facing zero issues. Cloudflare Warp is one of the best ways to access it in this context.

Kalshi is another great alternative which can be accessed without requiring VPN or changing DNS providers in my experience.

[mikel_012]

Well, that's something. It's actually good to know that they are not freezing the account or trying to hold the balance of the account and I agree with @mikel_012, if that's the case then a user can just create an account every time he will be blocked from placing bet in the platform, however the only cons I can see there is it's very hassle that you need to create an account from time to time but it's still better than most gambling site where if they find out that you are playing on a country where it's ban or restricted, they will not only ask for KYC but they will freeze your account and confiscate all money in your bankroll.

It's not too much trouble if you are using a wallet like metamask because with one click you can create a new account

Then you need to send some POL to pay fees and the USDC to bet, but you can do that paying less than $ 1c and the confirmation is done in less than 2 minutes.

Unless you get banned every day I think it's fine and it will not be too annoying

[Wakate]

I think they are pretty aware that some users are using VPN and if I am not mistaken they can easily identify it but it actually depends on the user? I think users who doesn't have that much transaction or balance in the account won't be punished? I'm not sure what are the terms of the Polymarket if they are going to freeze account and block you or you can access your funds but can't use the platform. Anyway, just to make sure, it's better to avoid platforms where your country is restricted to avoid unnecessary conveniences although there are gambling sites which where they allow user to use VPN, you just need to look it up or ask the support to make sure.

If they detect that a user is using a VPN and accessing the polymarket site from a restricted region, they block the ability to place bets on prediction markets, though they still allow you to withdraw funds. But based on my experience, if a VPN is set up properly, they won’t detect it. Nevertheless, you should still be aware of the risks that may potentially arise from using a VPN.

This is what all other platforms are doing but some of these platforms can be more restrict than the others. Allowing a players that have violated their terms of service through the use of VPN to bypass certain restrictions is fair enough and this shows that polymarket is less strict to players to allow you to withdraw your funds. There are good paid VPN that can be used for players from restricted locations.

[Hispo]

I have a question for all of you guys.
Lately I have been seeing some advertising on Instagram about Polymarket...

Some of those advertisings literally show some crazy markets on Polymarket which are literally safe ways to make money, like betting on whether the government of the United States will announce the discovery of aliens in 2026, and crazy things like that.

Are those markets actually on Polymarket or are they just showed on the advertisiments?

It would be crazy if they are actually allowing people to bet on discovery of aliens... I doubt it.

[dwyane36]

I have a question for all of you guys.
Lately I have been seeing some advertising on Instagram about Polymarket...

Some of those advertisings literally show some crazy markets on Polymarket which are literally safe ways to make money, like betting on whether the government of the United States will announce the discovery of aliens in 2026, and crazy things like that.

Are those markets actually on Polymarket or are they just showed on the advertisiments?

It would be crazy if they are actually allowing people to bet on discovery of aliens... I doubt it.

Lol. Yep, there really are prediction markets like that, and as you can see in the screenshot, the odds that the US government will announce the existence of aliens by the end of the year are estimated at 18%.
Overall, this is a relatively safe way to earn a few percent, but it’s worth keeping in mind that "aliens" here refers not only to "little green men," but to any form of extraterrestrial life or technology. Extraterrestrial life surely also includes microorganisms, which are highly likely to exist in one form or another on neighboring planets or moons. In other words, the chance of losing in such prediction markets, though small, does exist.

[internetional]

I noticed today that Polymarket has a perps page now. But it's not live yet, you can only sign up for the waitlist with your email.

Does anyone know if this is going to be regular perpetual swap trading for crypto, stocks, commodities, etc., or is it leveraged betting on prediction markets, similar to what BingX launched a few days ago?

[salad daging]

I noticed today that Polymarket has a perps page now. But it's not live yet, you can only sign up for the waitlist with your email.

Does anyone know if this is going to be regular perpetual swap trading for crypto, stocks, commodities, etc., or is it leveraged betting on prediction markets, similar to what BingX launched a few days ago?

According to the article I found perpetual on Polymarket for BTC, NVIDIA (NVDA) and GOLD (XAU) maybe in the future will add more about other events.

As for the comparison with BingX you can check out this article, I think it's fully covered there. https://polymarkets.co.il/en/guide/perpetual-futures/
Max leverage is 10x, then the currency is USDC on the polygon network, other than that it might not be possible.

[notblox1]

I dont have official confirmation from Polymarket team so I cant be sure about this, but I just saw the news that Polymarket became official prediction market partner of Italian Seria A league?
This is big news and good marketing move from the team and I even saw they are allowed to operate in United States.

[mikel_012]

I dont have official confirmation from Polymarket team so I cant be sure about this, but I just saw the news that Polymarket became official prediction market partner of Italian Seria A league?
This is big news and good marketing move from the team and I even saw they are allowed to operate in United States.

They are spending a lot in marketing now that the money they receive is ginormous.

They are clearly the number one place people are betting on everything. We went from casinos dominating with sports to polymarket dominating with all events. Politicians, wars, price of everything. When they are not limited to just professional teams they have way more volume and fees to make.

Now we wait to see where Kelshi will sponsor