Home / Technology / Polymarket Cracks Down on VPNs, Demands User IDs
Polymarket Cracks Down on VPNs, Demands User IDs
31 May
Summary
- Polymarket is blocking VPN IP addresses and asking for user identification.
- The platform faces regulatory action if it ignores its policies.
- This change signals a move away from anonymous trading.
Polymarket, an online prediction platform, is implementing stricter measures by blocking VPN IP addresses and requesting identification from certain users. This development aims to comply with regional regulations and international sanctions, under which the platform is already inaccessible in 33 countries. By blocking VPNs, Polymarket seeks to prevent users in restricted areas from circumventing these limitations.
The platform's shift towards user identification also marks a significant departure from its prior model of anonymous trading. This move is reportedly a response to the potential risk of regulatory action should Polymarket fail to enforce its official policies. The changes coincide with a broader global trend of increased scrutiny on VPN usage and the implementation of age verification laws in various regions.
