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Kalshi and polymarket are great Hence, i suspect i misunderstood the game's work or these websites are scams Kalshi is completely legal in the us

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For polymarket you need vpn I also saw quite a large spread in the odds of the same subject, say, democratic presidential nomination? between the two markets I like betting on things like climate where i understand the data a lot more than stocks

Election years are also great cause you get a lot more volume and people bet with their emotions over the polls.

Polymarket is an information markets platform Harnessing the power of free markets to demystify the real world events that matter most to you. Da in letzter zeit viele posts gelöscht werden, nachdem die frage von op beantwortet wurde und wir möchten, dass die posts für menschen mit ähnlichen problemen recherchierbar bleiben, hier der ursprüngliche post von u/bakasteinmh Legality of prediction markets like polymarket

Hey there, i was looking at he phenomenon of prediction markets in the context of the 2024 us election. Can us citizens bet on polymarket I live in the us Does anyone know if i can legally use polymarket

I know it's banned in the us but it this the same thing as it being illegal to use?

I can't be the only one who's looking for an alternative to dying predictit betting platform How reliable is polymarket these days Would you or have you placed any serious bets there It looks legit but i can't find much real discussion of this platform online

Other recommendations for prediction markets are welcome, maybe betmoose Futuur and aughur don't look too promising. What is current status of polymarket around the globe The wikipedia says there is a us cftc order in place as of 2022

The 2022 yahoo article it cites talks about other countries cracking down

I'm curious about the current state of polymarket When i lived abroad i knew friends who liked to work with intrade back in the day. Most of the online commentary on polymarket seems to be associated with ssc, which is why i'm asking this here I'm considering placing bets on polymarket, but i don't know how well to trust it

Have there been any incidents that you know of in which people have lost money illigetimately while using polymarket? How are polymarket winnings taxed? Are the winnings treated as gambling income, so pay gambling taxes. Or if it's treated like trading (because it's decentralized and all the transactions happen on a blockchain), and so pay capital gains tax?

I understand betting markets are heavily regulated, but didn't know writing about it was illegal too

I think you do it through polymarket's discord Jeesh, no peep of this anywhere on the internet. Not even in the polymarket docs :/ leaving this up for posterity Bc someone has to do it.