the Commodity Futures Trading Commission Innovation Advisory Committee
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Americans Are Trading Billions of Dollars on Polymarket’s Banned Offshore Platform
Approximately 30 percent of the trading volume on Polymarket comes from the United States, according to a new study—an eye-popping number, considering that none of those people are legally allowed to use the crypto-based platform. The study, conducted by Rutgers University statistician Harry Crane, estimated that people in the US funneled between $10.6 to $26.7 billion through Polymarket. To track the platform’s activity, Crane looked at what appeared to be US-based trades on offshore...