As calls for regulation of prediction markets intensify, Polymarket rolls out a series of user protection and anti-addiction measures.

BlockBeats news, September 30 — Amid growing calls for regulation of prediction markets, Polymarket has introduced a series of user protection and anti-addiction measures. Users can now set deposit limits that cannot be immediately revoked to control spending and potential losses, and can also add themselves to a temporary or permanent "self-exclusion list" to suspend their use of the platform.

Polymarket has also partnered with Birches Health, an online gambling addiction treatment organization, to provide mental health resources for users exhibiting "compulsive financial trading behavior." Malea Otranto, Polymarket's Global Head of Safety, said the company will track usage of the relevant tools and may make adjustments based on their actual effectiveness.

Prediction markets in the United States are classified as CFTC-regulated financial markets and are not required to follow the consumer protection rules that states have established for sports betting platforms. According to TickerTracker data, sports markets and parlay trading accounted for more than 98% of trading volume on Polymarket's U.S. platform this month. The State of New York has sued Polymarket, seeking to shut down its operations; Polymarket denies any wrongdoing and has filed a countersuit in federal court.