Another country, blocked Polymarkets

[Orpichukwu]

Most of these countries banning Polymarket are only doing so because Polymarket has taken most of the gamblers from their country away and they don't get any cut out of that volume. Most gamblers switched to polymarket because there are no bookmarker margins (vigs) baked into them which means they can be more profitable long term. If Polymarket or Kalshi gets registered in such countries and pay taxes or remit back to the government of these countries, I'm sure they'll remove any restrictions placed on them
 

But this can't only be it; Polymarket is a licensed company. If they are registered in the countries which are making a move to ban them, they will also be taxed, and those placing bets and winning from the market are also subjected to tax since crypto is what's used in placing bets; it all falls under the capital gains tax law depending on the country.

[passwordnow]

But this can't only be it; Polymarket is a licensed company. If they are registered in the countries which are making a move to ban them, they will also be taxed, and those placing bets and winning from the market are also subjected to tax since crypto is what's used in placing bets; it all falls under the capital gains tax law depending on the country.

IMHO, that's the whole point. Say that they're registered, they won't be getting that treatment. But I have to review from these recent countries that have banned them if they're licensed there or not. If not, then that can be said that they're after the taxes and registration for them. After that, we might see a different tone from these countries and they'll start to ease and allow them from doing operations with their users in those countries.

[Wakate]

Most of these countries banning Polymarket are only doing so because Polymarket has taken most of the gamblers from their country away and they don't get any cut out of that volume. Most gamblers switched to polymarket because there are no bookmarker margins (vigs) baked into them which means they can be more profitable long term. If Polymarket or Kalshi gets registered in such countries and pay taxes or remit back to the government of these countries, I'm sure they'll remove any restrictions placed on them
 

But this can't only be it; Polymarket is a licensed company. If they are registered in the countries which are making a move to ban them, they will also be taxed, and those placing bets and winning from the market are also subjected to tax since crypto is what's used in placing bets; it all falls under the capital gains tax law depending on the country.

This is not the real reason why countries are banning the polymarket. The polymarket has been known to be very manipulative in their doings which is fraudulent but many people using the platform are not aware about all these endeavors the government is ensuring to ban them so that many users do not become a victim if their manipulative political bets.

[Orpichukwu]

But this can't only be it; Polymarket is a licensed company. If they are registered in the countries which are making a move to ban them, they will also be taxed, and those placing bets and winning from the market are also subjected to tax since crypto is what's used in placing bets; it all falls under the capital gains tax law depending on the country.

This is not the real reason why countries are banning the polymarket. The polymarket has been known to be very manipulative in their doings which is fraudulent but many people using the platform are not aware about all these endeavors the government is ensuring to ban them so that many users do not become a victim if their manipulative political bets.

What are the manipulative things which they are doing that we don't know about? I really want to know what I know they have been majorly accused of: allowing some events that have to do with human life to be bet on, which is not proper, and some inside information concerning high-level international secrets being exploited by bettors who have their hands on it. Aside from this, I don't know which way they use to manipulate the market.

[taufik123]

What are the manipulative things which they are doing that we don't know about? I really want to know what I know they have been majorly accused of: allowing some events that have to do with human life to be bet on, which is not proper, and some inside information concerning high-level international secrets being exploited by bettors who have their hands on it. Aside from this, I don't know which way they use to manipulate the market.

There are many ways used by Polymarket to manipulate the market such as using the Wash trading method where transactions are made between their own accounts or
insiders to create fake volumes which many people then bet to trap the people who log in.
Using Oracle Attacks Manipulation Methods, Spoofing, Sentimental Engineering which deliberately increases the probability of betting so that it is quoted by the big media and
will become Public Opinion and thus Polymarket is indirectly promoted.