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https://www.wsj.com/business/polymarkets-fraud-regulators-coplan-5f418ab0?st=uyYWsK&reflink=desktopwebshare_permalink https://www.wsj.com/business/polymarkets-f

• Morromist 15d ago
  Thanks. These paragraphs are pretty damning: "At one point, the processor rejected as fraudulent more than 80% of the deposits it was handling, a rate that far exceeded industry standards of roughly 1%. Polymarket employees quickly raised their concerns with Chief Executive Shayne Coplan, according to people familiar with the events. The compliance team, those people recalled, was floored by Coplan’s response: Just keep growing and pay a fine if regulators ever find out." At what point are you a casino and at what point are you just a utility for money laundering, insider betting, scams & fraud?
  • podocarp 15d ago
    Gain wealth, forgetting all but self
  • teravor 15d ago
    > Just keep growing and pay a fine if regulators ever find out. it's unfortunate that they weren't able to get a lawyer with experience to comment on whether or not he is right. would certainly be interesting to know if he does risk assessment under the table.