Topic
prediction market
Technology Polymarket’s Panama Entity Operated with US-Based Staff Despite Offshore Compliance Claims, WIRED Finds
Polymarket, a prediction market platform, established a Panama-based company Adventure One QSS to comply with a 2022 CFTC settlement. But WIRED found many Adventure One QSS staff worked from New York, not Panama, and the Panama office appeared empty, undermining the offshore compliance structure.
Study Finds US Traders Funneled Billions to Polymarket Despite Federal Ban
A study by Rutgers statistician Harry Crane estimates that US-based traders funneled between $10.6 billion and $26.7 billion through Polymarket from May 2025 to April 2026, representing about 30% of the platform's total volume. The trades occurred despite Polymarket being banned in the US since 2022 for operating as an unregistered derivatives platform. The study, commissioned by the Coalition for Prediction Markets, used indirect behavioral proxies to identify US activity, as traders often use VPNs to bypass restrictions.