Taiwan Authorities Investigate Illegal Election Betting on Polymarket
• Taiwanese residents reportedly used Polymarket to bet on upcoming 2024 Taiwan presidential election
• Authorities launched investigation, questioning several individuals for participating
• Election gambling is illegal in Taiwan, violates Election and Recall Act
• Polymarket previously faced regulatory issues in US from CFTC in 2022
• Platform saw record $10 million volume during 2020 US presidential election betting