Is Polymarket legit or not in 2025?

Key Points

1. Polymarket allows users to bet on various outcomes using USDC, gaining a reputation for accuracy, particularly in predicting the 2024 U.S. Presidential Election.

2. The platform faced legal issues, including a $1.4 million fine from the CFTC in 2022 and an FBI raid in 2024, though no charges were brought by 2025.

3. Polymarket operates on the Polygon network for efficiency and uses UMA’s Optimistic Oracle to resolve bets, but it is not immune to manipulation or ethical concerns.

4. The platform competes with both government-approved and crypto-based prediction markets, backed by investors like Peter Thiel and Vitalik Buterin.

5. Despite surviving U.S. regulatory scrutiny, Polymarket’s services remain restricted to Americans, and its future hinges on proving fairness alongside accuracy.