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The Independent UK
The Independent UK
Mike Bedigan

Crypto betting site Polymarket under fire for taking direct wagers on wars

Polymarket, a popular crypto-based betting market, has come under fire from U.S. lawmakers for allowing users to place direct wagers on wars.

In recent weeks, the site has added multiple betting contracts that allow users to gamble on potential geopolitical events, including a Chinese invasion of Taiwan, Russian territory gains in Ukraine and U.S. military action in countries including Colombia and Cuba.

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