Polymarket, a blockchain-based betting platform, has launched on the Solana network, now allowing users to deposit funds using Solana. This move comes as Polymarket seeks to capitalize on Solana's growth amidst a more favorable regulatory environment for crypto and blockchain betting in the U.S. Known for its real-money prediction markets, Polymarket allows users to bet on various topics, including political events and cryptocurrency fluctuations. Despite significant monthly trading volumes nearing $2.5 billion during the recent U.S. election, user engagement levels have raised concerns, as data indicates that most bettors may have lost money on the platform. Regulatory scrutiny has been an ongoing challenge for Polymarket, leading to restrictions against U.S. users and blocking access from jurisdictions like France. While the platform has faced legal hurdles, its reputation for predicting events effectively remains intact, and its CEO recently highlighted a positive shift in governmental attitudes towards crypto innovation in a White House Digital Roundtable. The addition of Solana deposits could enhance user experience and expand Polymarket's user base further into the blockchain betting market.

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