Polymarket Adds Consumer Safeguards Amid Legal Scrutiny

Polymarket introduced user-set deposit limits with a delay before they can be raised, temporary or permanent self-exclusion, and addiction-support resources through a partnership with Birches Health. The measures, launched amid growing scrutiny of prediction markets, are voluntary rather than protections required by state gambling laws. New York’s attorney general and governor have sued the company, alleging it offered unlicensed gambling; the dispute also raises whether federal oversight of event contracts limits states’ authority to regulate the platforms. Polymarket’s safeguards resemble those required of licensed sportsbooks, but their effectiveness depends on users opting in.