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Polymarket is an information markets platform Hey there, i was looking at he phenomenon of prediction markets in the context of the 2024 us election. Harnessing the power of free markets to demystify the real world events that matter most to you.

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To answer your question directly i have been eternally frustrated trying to a get an account in the uk to look at interesting prediction markets with meaningful liquidity Legality of prediction markets like polymarket I have no real idea why that particularly is as the uk, in general, is betting crazy

<pedantic point> i note you use the term investing rather than trading

Common usage (imo) is such that if a market has fixed. 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? 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. 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 also saw quite a large spread in the odds of the same subject, say, democratic presidential nomination? between the two markets Hence, i suspect i misunderstood the game's work or these websites are scams 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. 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? Bet on your beliefs.get appget the reddit applog inlog in to reddit 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