Polymarket Adds Deposit Limits and Self-Exclusion After New York's $4.6B Suit
Polymarket rolled out its first consumer-protection suite: deposit caps with a mandatory cooling-off period, voluntary self-exclusion for 30 days, a year or permanently, and an addiction-support partnership with Birches Health. The tools came six days after New York sued the platform for $4.6 billion over alleged unlicensed gambling, yet no law currently requires them — the CFTC has not mandated responsible-trading rules for prediction markets.
- Deposit limits are daily, weekly or monthly; raising them triggers a cooling-off period
- Self-exclusion lasts 30 days, a year or forever, with no cross-platform database with Kalshi
- New York seeks at least $4.6 billion plus $100,000 fines per unauthorized wager
- The CFTC is still weighing mandatory responsible-trading rules for prediction markets
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