Polymarket has introduced deposit limits and voluntary self-exclusion for traders. Daily, weekly and monthly caps on account top-ups are now available. Cutting a limit takes effect immediately; raising or removing one waits out a cooling-off period. Self-exclusion can be set for 30 days, a year or permanently.
Regulatory pressure
The rollout follows a lawsuit filed by New York last month accusing Polymarket of sidestepping state gambling law. The company countersued in federal court, arguing that jurisdiction sits with the Commodity Futures Trading Commission rather than state authorities. New York filed a similar case against rival Kalshi.
Prediction markets are classified as federal financial markets, unlike bookmakers, and sit outside state consumer protection law. Legislators in 44 states are trying to change that. Both platforms have also drawn claims over suspicious trading. In April a servicemember was accused of using classified information after making more than $400,000 on Polymarket by calling the date of Venezuelan President Nicolás Maduro's detention. The US Senate passed a bipartisan resolution barring senators from using prediction markets.
Trust & Safety Center
Polymarket is also building a Trust & Safety Center that sets out platform rules and points users to mental health resources through a partnership with Birches Health, a national provider of behavioral addiction treatment. 'People should set their own limits, leave on their own terms and know the rules. This is just the beginning,' said Malea Otranto, head of the center.
