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Betting markets are legally required to have KYC. If you or I operated a casino illegally we would ABSOLUTELY be thrown in jail. Do you seriously think fraudul
by xvector 7mo ago
Betting markets are legally required to have KYC. If you or I operated a casino illegally we would ABSOLUTELY be thrown in jail.
Do you seriously think fraudulent Xbox live transactions are on the same level of the heinous insider trading going on in betting markets?
Or do you just think C-suite should be legally immune from accountability overall?
Polymarket's decentralized and anonymous nature was an intentional choice by its creator precisely because it enables illegal, anonymous transactions.
- laurentiurad 7mo agoHow is the ceo responsible for operating under the current legal framework which allows his platform not to require KYC? Unless they are breaking the law, why should anyone arrest him? It's the responsibility of the lawmakers to make them illegal or force them to do kyc. If you fantasize about China or Russia way of doing things you should move there.
- SpicyLemonZest 7mo agoHe is breaking the law, and was under DOJ investigation for it until he bribed the president's son to call them off.
- laurentiurad 7mo agoIf he's breaking the law and there is proof to that, then he will and should be arrested.
- carlosjobim 7mo agoFrom where has it entered your mind that they don't do KYC? Anybody can send anonymous threats, that has nothing to do with any betting company, unless they are sent through that platform.
- xvector 7mo agoTrivial to make a polymarket account without KYC
- carlosjobim 7mo agoAnd what is the relevance to the death threats mentioned in the article?