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Polymarket Reassessing User Locations Amid Market Manipulation Concerns

Polymarket is going through its user base to ensure no United States-based bettors are operating on the decentralized prediction platform amid marketing manipulation concerns following Republican nominee Donald Trump’s sudden surge in popularity over Kamala Harris, a new report from Bloomberg reveals.

Donald Trump Leads Kamala Harris, Prompts Polymarket Worries

“Polymarket is in the process of re-checking the details of users of its platform, particularly those making large wagers, to ensure compliance with its rules,” Bloomberg cited an anonymous source as saying.

News of the digital betting site’s user inspection comes as an alleged Polymarket whale known as “Fredi9999” recently waged more than $20 million on Trump’s odds of becoming president, potentially skewing the validity of the poll’s results.

Currently, Trump leads Harris by a whopping 63.7 percent to 36.2 percent in Polymarket’s official “Presidential Election Winner 2024” poll.