Global
Toronto mayoral race draws nearly $350K in bets on Ontario-banned Polymarket
Prediction markets platform Polymarket, which is based out of the U.S. and has already been banned by Ontario, has accepted over $345,000 in wagers on the Toronto mayoral race. The platform remains accessible to Ontario residents despite the provincial ban.
Why this matters?
Highlights the enforcement gap between provincial bans and actual user access, a recurring challenge for regulators trying to restrict offshore or non-compliant prediction market platforms.
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