Polymarket Launches Anti-Addiction Protection Measures in Response to Regulatory Pressure

TechFlow reports that on September 30, according to CNN, prediction website Polymarket announced a series of consumer protection measures, including setting user deposit limits, an "exclusion list" feature (which allows temporary or permanent account blocking), and a partnership with virtual gambling addiction treatment provider Birches Health to provide mental health resources. In light of these developments, New York State filed a lawsuit against Polymarket a week ago, alleging that it circumvents New York's strict gambling regulations. Polymarket has already filed a counterclaim in federal court. Currently, a bipartisan coalition of 44 states is arguing in court that prediction platforms should be subject to state gambling laws.