[Solved] Polymarket has been illegally withholding my money 10015$

[o555355]

I need help!

I don't know if there is any Polymarket staff or representative is here to do that. I have read your other comments on their reply too and what I will advise is t wait for their investigation. And I don't why you withdrew from them and deposit it back again. That is a suspicious move. If you wanted to continue predicting, you would have kept some amount to continue and not to withdraw everything and deposit it back. It looked like an attempt to launder money.

Right now you are accusing them them they illegally withholding your funds but as for me they are legally withholding your funds because it's a clear suspicious transaction that was going on. Therefore you have to wait for any decision they take.

Because I’m a gambler. I have the right to deposit and withdraw funds whenever I want. It’s more convenient for me that way

[Charles-Tim]

the money
And I don't why you withdrew from them and deposit it back again. That is a suspicious move. If you wanted to continue predicting, you would have kept some amount to continue and not to withdraw everything and deposit it back. It looked like an attempt to launder money.

I have withdrawn money on Stake before and later I noticed the same day that I need to bet on a match. I deposited the money back after few hours but not many hours long. I think I have done this two times before.

That should not be a good reason someone's money should be seized. It will probably be because of another reason is what I guess.

Because I’m a gambler. I have the right to deposit and withdraw funds whenever I want. It’s more convenient for me that way

Just be patient. Let us know if your money has been given you back.

[Agbe]

That should not be a good reason someone's money should be seized. It will probably be because of another reason is what I guess.

@o555355 that should also depends on the amount you deposited instantly. If you deposit big amount, such review might happen as well and also casinos differs. And I believed Polymarket withholding the Op funds because of the amount he withdrew and deposited the money back again. $10015 is a huge amount of money. And probably yours was not big amount so they might over look it.

Even Polymarket might approved the withdrawal and depositing the same amount if it is small.

[Charles-Tim]

@o555355 that should also depends on the amount you deposited instantly. If you deposit big amount, such review might happen as well and also casinos differs. And I believed Polymarket withholding the Op funds because of the amount he withdrew and deposited the money back again. $10015 is a huge amount of money. And probably yours was not big amount so they might over look it.

Even Polymarket might approved the withdrawal and depositing the same amount if it is small.

That is how gambling supposed to be. I use small amount of money to gamble anytime I am gambling. It is better than using huge amount of money and be panicking. I can not have $10000 on my gambling account. I have lesser than that amount of money for gambling and I do not leave money on any gambling site.

I have posted several times before that Polymarket and many other web3 gambling sites are not decentralized. I hope people can see that is true now.

[o555355]

Thank all for help.
My money on my polymarket now.

Its his reply:
Thank you for your patience while we completed our review. Good news, your funds have now been processed to their destination:
Please let us know if there's anything else we can help with.

Topic can be close

[_act_]

Thank all for help.
My money on my polymarket now.

I am just happy for you that Polymarket has released your money for you, but you can edit the title of this topic and add solved to it. Like this:

[Solved] Polymarket has been illegally withholding my money 10015$

This will let people know that Polymarket have released your money for you.

[Hatchy]

Oh, the decentralized prediction market strikes again by freezing funds!  
And you have to contact support on a "decentralized" platform... sweet irony!

It's funny how the word "decentralisation" is taken so lightly by many of these so called decentralised platforms. Somehow, they use it to promote their platforms, but I don't see how a platform can truly be decentralised when it can freeze your withdrawals and ask you to wait for a review. At that point, it starts to feel like an irony. If someone else still has the final control over your funds, then how much decentralisation are we really talking about here!!

OP, like all of the other deposit/withdrawal/account issues concerning coins/money withheld by a crypto service, you should be patient and wait for the service to review the problem/issue with your account. Plus you should also know that Ethereum-based wallets are accounts-based models, not UTXO-based models to track ownership.

I really think this is going to be enough time for them to come up with more reasons not to allow his withdrawal ls.30 days is too long and I'm sure no one would be happy to have their funds stuck on a platform for that long. If they are being honest, they should st lest provide op with some reason why his withdrawal is under review. If just doesn't adds up why. But this is normal for gambling platforms..

[_act_]

It's funny how the word "decentralisation" is taken so lightly by many of these so called decentralised platforms.

That is even better, if you browse about it, you will see that they are called decentralized and with more explanation that will convince you. If you use AI to also search for it, you will see decentralized there too. But if you use the site, you can easily know that it is a lie, that they are very centralized. Most services that we have that involves money are centralized, but using decentralized to advertise, which is a lie.

[Wind_FURY]

Oh, the decentralized prediction market strikes again by freezing funds!  
And you have to contact support on a "decentralized" platform... sweet irony!

  👍

If it isn't designed/built like DirectBet, then it's not decentralized. "Decentralized", today, has merely become a marketing tool.

Give them a week, then send them another message. If by 30 days they still haven't resolved the issue, then start complaining publicly.

Are you serious? Like serious serious dead serious on this?
Waiting 30 days with frozen money it's perfectly ok now?
I wonder what apocalyptic war you would have started back in the day if your bank had told you to wait 24h before withdrawing your own money now 30 days is ok.
Common!

  

It's just a personal estimate, in THEORY, in how long I could wait if my coins were actually frozen. But feel free to post your own suggestions for OP.

Although in the context of patience, 30 days would definitely make you SURE that the service has a real issue against you if you still haven't received your money.

[mabji1]

Thank all for help.
My money on my polymarket now.

Its his reply:
Thank you for your patience while we completed our review. Good news, your funds have now been processed to their destination:
Please let us know if there's anything else we can help with.

Topic can be close

So, what issue did they tell you about, and how was it resolved?

[Myleschetty]

I then decided to deposit those same funds, but my deposit was blocked.

Since I've never used PolyMarket's service, I have no idea how they work. However, most gambling platforms use account owner behavior patterns to restrict or ban accounts, and I've seen someone accuse a casino of locking his account after making the same deposit twice or three times. I discovered that the deposit amount is also utilized after researching the account owner behavior employed by casinos. But it's good the issue is resolved.

Are you serious? Like serious serious dead serious on this?
Waiting 30 days with frozen money it's perfectly ok now?
I wonder what apocalyptic war you would have started back in the day if your bank had told you to wait 24h before withdrawing your own money now 30 days is ok.
Common!

I think this clarified why some gamblers claimed PolyMarket doesn't think this forum is relevant to their current service model because it is completely bad service experience to all online casino gamblers.

[UserU]

Since I've never used PolyMarket's service, I have no idea how they work.

It's simply gambling on everyday events, like "Will there be any rainy weather between date X - date Y in city Z?"