Polymarket investigated by DOJ for 'letting' US users bet on platform

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Polymarket investigated by DOJ for 'letting' US users bet on platform - Business Standard

Quick Summary:

The platform’s users are able to wager an unlimited amount of money on their favored candidates, whereas competing platforms have betting limits.

Massive trades in the final days before Nov.5 by a French whale in Trump’s favor brought additional scrutiny of the platform.

Opponents of political prediction markets accused the wagerers of potentially manipulating the underlying market by skewing public perception in Trump’s favor.