{"id":84984,"date":"2024-07-24T19:00:15","date_gmt":"2024-07-24T23:00:15","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=84984"},"modified":"2024-07-24T19:01:07","modified_gmt":"2024-07-24T23:01:07","slug":"polymarket-partners-with-moonpay-to-enhance-payment-options","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/polymarket-partners-with-moonpay-to-enhance-payment-options\/","title":{"rendered":"Polymarket Partners with Moonpay to Enhance Payment Options\u00a0"},"content":{"rendered":"\n

MoonPay\u2019s integration with Polymarket allows bettors to wager funds from non-crypto vendors<\/a>.\u00a0\u00a0\u00a0
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\"Polymarket
Polymarket Partners with Moonpay to Enhance Payment Options\u00a0<\/figcaption><\/figure>\n\n\n\n

Popular cryptocurrency betting site\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> Polymarket is updating its system to manage the increase in bets brought on by the recent online excitement and the turbulent U.S. presidential election. <\/p>\n\n\n\n

Soon, customers can pay for bets using credit cards and bank transfers through Polymarket's relationship with Miami-based MoonPay. This would streamline the existing stablecoin USDC purchase procedure on cryptocurrency exchanges.
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BREAKING: Moonpay partners with Polymarket to enable credit card payments for the leading prediction market

This partnership will also enable additional crypto assets to be used beyond USDC, along with direct bank transfers. pic.twitter.com\/SHXmo40mui<\/use><\/svg><\/span><\/a><\/p>— TylerD \ud83e\uddd9\u200d\u2642\ufe0f (@Tyler_Did_It) July 24, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

Bettors would have needed to purchase USDC on a cryptocurrency exchange and transfer it to Polymarket before the MoonPay integration. Fees would be incurred for this purchase and transfer. The first to report on this integration was Bloomberg. <\/p>\n\n\n\n

Polymarket\u2019s growing popularity<\/h2>\n\n\n\n

Despite being unavailable in the US, Polymarket is expanding quickly while the U.S. Commodity Futures Trading Commission<\/a> is debating whether or not to outlaw event contracts. The business previously agreed to cease U.S. operations while continuing overseas after being fined by the CFTC in 2022 for providing illegal trading services. <\/p>\n\n\n\n

Because Polymarket uses blockchain technology and smart contracts, it is more transparent than traditional betting platforms because it gives customers more visibility into how share prices are calculated. With Founders Fund spearheading the most recent round, Polymarket has secured $70 million in fundraising. <\/p>\n\n\n\n

Record-breaking betting volumes have resulted from the election, characterized by extraordinary occurrences, including incumbent Joe Biden withdrawing from the race and an attempt on the life of challenger Donald Trump<\/a>. According to the website, the November election, in which Trump will face Vice President Kamala Harris, is drawing much attention from bettors.<\/p>\n","protected":false},"excerpt":{"rendered":"

MoonPay\u2019s integration with Polymarket allows bettors to wager funds from non-crypto vendors.\u00a0\u00a0\u00a0 Popular cryptocurrency betting site Polymarket is updating its system to manage the increase in bets brought on by the recent online excitement and the turbulent U.S. presidential election. Soon, customers can pay for bets using credit cards and bank transfers through Polymarket’s relationship […]<\/p>\n","protected":false},"author":43,"featured_media":84985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5071,5191,1559],"class_list":["post-84984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-moonpay","tag-polymarket","tag-us"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/0A0APolymarket-Partners-with-Moonpay-to-Enhance-Payment-Options-.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=84984"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/84985"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=84984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=84984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=84984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}