Polymarket Introduces Deposit Limits And Self-Exclusion Tools

Polymarket has introduced a series of user protection tools on its prediction market platform, including deposit limits and self-exclusion options.

Users can now choose to self-exclude from the platform for periods ranging from 30 days to a lifetime.

The company has also introduced daily, weekly and monthly deposit limits, allowing users to restrict how much they can deposit within specified periods.

Polymarket Expands User Protection Measures

Alongside the account controls, Polymarket has launched a Trust & Safety Center offering educational resources and guidelines for users.

The prediction market operator has also partnered with Birches Health to connect users with mental health resources and treatment services.

The introduction of the measures has been led by Malea Otranto, who was appointed Polymarket’s global head of trust and safety in August.

“People should be able to set their own limits, step away on their own terms and know what the rules are,” said Otranto.

“That is what launched today, and it is the floor, not the ceiling. We're excited to continue to build out from here.”

Further Safety Measures Planned

Otranto said Polymarket plans to continue developing its user protection measures as the prediction market sector evolves.

“While the idea of prediction markets has been around for a very long time, in a lot of ways this is a genuinely new industry and most of it is uncharted,” she said on LinkedIn.

“I have always been the most energised building from the ground up. As the industry evolves, our user protections will evolve, too.”

The changes come amid legal action against Polymarket in New York over allegations that the company was operating an illegal gambling business. Polymarket has denied the claims.