HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinTaiwan officials launch inquiry into crypto betting on election results: Report

Taiwan officials launch inquiry into crypto betting on election results: Report

According to reports, a number of Taiwanese residents have been using Polymarket, a decentralized betting platform. It is worth noting that Polymarket gained significant popularity during the 2020 United States election, with record-breaking trading volumes. Taiwanese individuals have now joined the platform, possibly attracted by its decentralized nature and the opportunity to engage in betting activities. This highlights the global reach and appeal of Polymarket, as it continues to attract users from different parts of the world. With its previous success during the US election, it will be interesting to see how Polymarket’s popularity and usage evolve in the coming months.

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