Polymarket May Have Violated Canadian Law in Recent Market Resolution

Polymarket just made a major mistake — one that may have violated Canadian consumer and competition laws.

In the now-closed “US-Ukraine Mineral Deal” market, Polymarket posted this update:

"As of the time of this update, the US and Ukraine have not mutually agreed to a qualifying deal. It is too early to resolve this market."

Shortly after, they closed the market against that exact claim, reversing the position and liquidating users who relied on their guidance. This was not just confusing — it may be legally deceptive.

Under Canada’s Competition Act (Section 74.01), it is illegal to make materially misleading claims that affect consumer decisions. The government even warns:

"Do not make a performance claim unless you can prove it."

That statement misled users into holding positions based on the promise that the outcome was undecided. Then Polymarket resolved it — seemingly without new evidence — directly contradicting their own message. In Canadian law, that is textbook false or misleading representation.

Formal complaints are said to be sent after the given 30 days deadline.