Techub News reports that, according to Bloomberg, Meta's ad library shows that Polymarket owner Blockratize spent approximately $269,875 on Facebook and Instagram over the past seven days to run election ads to millions of American users.
Additionally, Polymarket's Senior Development Director Armand Saramout sought to establish sponsorship agreements with American social media KOLs in September. In recent weeks, Instagram influencers with large followings have been posting Polymarket-sponsored content using tags like #PMPartner and #PolymarketPartner. A spokesperson for Polymarket confirmed contact with the American market, but stated that this effort is not intended to stimulate trading from American visitors. He stated in a statement: 'We have engaged with influential figures from both parties to promote our data and drive traffic and attention to polymarket.com; 99% of visitors are just browsing the news and not trading.'
