Polymarket traders can now lock themselves out for life
The exchange, reportedly valued at $20bn, is also teaming up with an addiction treatment provider on mental health support.
The hit
Polymarket has launched deposit limits & self-exclusion tools for traders, the prediction market operator said. The new Trust & Safety Center is a one-stop shop for traders to learn Polymarket’s trading rules & customer protection protocols. Separately, traders can exclude themselves for periods ranging from 30 days to one year to a lifetime. US users can also cap deposits across all funding methods.
Why it matters
Polymarket recently went live in the US & introduced the tools as gaming companies have done in the past. Some experts & advocacy groups argue that betting & prediction market trading is taking a mental toll on bettors, particularly young men.
The record
| Company valuation | $20bn, reportedly |
|---|---|
| Deposit limit rule | Lowering takes effect immediately; raising needs a cooling-off period (Polymarket) |
| Mental health partner | Birches Health, addiction treatment provider operating in all 50 US states |
What happens next
Watch for the promised expansion of the Trust & Safety Center & rollout of the co-branded Trading Responsibly guide, including its four-question self-check tool.
Sources: Polymarket Introduces Deposit Limits, Self-Exclusion Tools, Other Safeguards
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