A man in Taiwan faces charges for using the crypto betting platform Polymarket to wager on the 2024 elections.
Prosecutors in Taiwan accused a man of using the crypto betting platform Polymarket to place bets on the country’s 2024 elections that concluded on June 13.
The Shilin District Prosecutor’s Office reportedly accused a man with the surname “Chen” of betting about 472 USD Coin (USDC) on Polymarket that the Taiwan People’s Party’s candidate Ko Wen-je would win the presidential elections.
Furthermore, Chen also placed a 60 USD bet that the country’s Democratic Progressive Party would win more legislative seats.