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Polymarket and New York's attorney general had sued each other last week, escalating a nationwide debate over whether prediction markets violate state laws against illegal gambling. Traders can now voluntarily lock themselves out of the platform for 30 days, one year or a lifetime. US users can also now cap their daily, weekly or monthly deposits. Any move to lower the deposit limits takes effect immediately, while requests to raise or remove them will trigger a mandatory cooling-off period, the company said. The prediction markets industry, pioneered by Polymarket and rival Kalshi, rose to prominence by allowing punters to bet on almost anything, including sports events, elections and military operations. Critics of the platforms have raised concerns about addiction, investor protection and market oversight. Polymarket said it has partnered with US behavioural health provider Birches Health to offer treatment resources for users with compulsive trading habits. The telehealth service is available across all 50 states and includes clinical assessments and customised recovery plans. Polymarket also introduced a Trust & Safety Centre to detail its platform rules and user protection policies. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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