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Polymarket partners with MoonPay to allow the use of bank and credit cards to pay for bets

The US Presidential Election has sent an influx of bets into cryptocurrency betting site Polymarket, so it is upgrading its platform to handle surging bet money. Polymarket will begin adopting software from Miami-based MoonPay, which allows users to pay for bets using bank transfers and credit cards. Currently, punters buy stablecoin USDC on cryptocurrency exchanges and transfer it to Polymarket before placing their bets.