Polymarket, a blockchain-based prediction market, faces significant legal risks in mainland China, according to legal expert Liu Zhengyao. Unlike traditional casinos, which use human-operated tools to generate random outcomes, Polymarket relies on real-world event outcomes executed by smart contracts. This decentralized approach contrasts with the centralized management of traditional gambling, where casinos set odds and maintain a house advantage. The promotion of Polymarket in China poses greater legal challenges than mere participation, due to the country's stringent regulations on gambling activities.
Legal Risks of Promoting Polymarket in Mainland China
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
