Polymarket Blocks VPNs Due to Legal Concerns

Polymarket, a prediction platform, is blocking VPN IP addresses and asking some users to identify themselves.

Polymarket is blocked in 33 countries due to regulations and sanctions. People could use VPNs to hide their location, but Polymarket is now making it harder. It blocks certain VPN IP addresses and accounts with suspicious patterns. This change is likely due to regulatory concerns.

If Polymarket doesn't enforce its policy, it could face regulatory action.

Polymarket is asking some customers for their identities to use faster trading technology. This is a change from its previous anonymous trading model.

There is a broader crackdown on VPNs in the US and other countries. Utah has banned using VPNs to visit certain websites, and the UK is considering a similar ban for children. The UK's age verification law has led to increased VPN use. The US is also looking at VPN bans.

Age verification laws require people to prove their age to access certain content. However, studies show that these laws do not work and can infringe on adults' rights. The laws are meant to protect minors, but they can have unintended consequences.

Last year, experts warned that VPN bans could lead to further restrictions. When people find ways to work around initial laws, governments may create more regulations.

The topic of VPN bans is related to apps and software.

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