Polymarket Moves to Tighten User Identity Checks Over Sanctions, Legal Risks

Polymarket, the world’s largest prediction-market platform, is tightening know-your-customer procedures to address regulatory and sanctions risks.

The Information reported on May 27 that Polymarket is actively pushing traders to complete identity verification to reduce the risk of sanctions evasion and other potential legal exposure.

According to the report, some users have continued to access restricted markets through automated trading bots. Use of the platform has also persisted in legal gray areas in some regions, including Russia. Some developers are also known to operate tools on Telegram and other channels that direct trading flows.

The report said Polymarket is focusing in particular on whether users in countries subject to international sanctions are accessing the platform, as well as on tracing fund flows.