U.S. Wallets Traded $571 Million on Polymarket Politics Despite the Ban

By Isaac • July 5, 2026 2:21 pm •

Polymarket blocks U.S. users on the front end. The onchain footprint still tells a more complicated story.

New analysis from Allium says U.S.-linked wallets were the largest national political-market crowd it could identify on Polymarket, despite the platform’s U.S. geoblock.

The headline number is $571 million in political-market notional over the trailing year.

The caveat is just as important. Allium’s country tags come from onchain behavior, not IP records, and the firm could tie only about 6% of Polymarket political-market wallets to a country.

The July 5 CoinDesk coverage puts the number in market terms: U.S.-linked wallets traded about $571 million in Polymarket political-market notional over the trailing 12 months.

CoinDesk said that was more than