Polymarket Introduces Consumer Protection Measures Amid Regulatory Pressure

Polymarket has launched new consumer protection features, including deposit limits, an account exclusion tool, and a partnership with Birches Health to provide mental health resources for gambling addiction. This move follows a lawsuit filed by New York State alleging that the platform evades gambling regulations, to which Polymarket has responded with a countersuit in federal court. Currently, a bipartisan coalition of 44 states is arguing that prediction platforms should be subject to state gambling laws.