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If I made a platform like that, I'd be RICO'd after the FBI kicked down my door and confiscated everything I own. If I had the connections Polymarket does, wel
by heavyset_go 7mo ago
If I made a platform like that, I'd be RICO'd after the FBI kicked down my door and confiscated everything I own.
If I had the connections Polymarket does, well, then we can just place bets on when people will die, everything will work out just fine and the President will invest in me.
- deleted 7mo ago[deleted]
- mothballed 7mo agoIf you don't mind not having US customers, it's easy enough to get an online gambling license in a few jurisdictions, maybe $20-50k all in (Nevis and Anjouan are a couple of the more notable ones), at which point you can serve a large portion of the world. This was basically the scenario polymarket was in for awhile until they started making inroads into US regulatory apparatus.
- heavyset_go 7mo agoWasn't there a crypto betting platform that was operating outside of the US, blocked US traffic and the US still went after them? I don't remember any specifics, or if I'm remembering anything right at all, but I feel like I read something about that.