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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 fa
by Morromist 14d 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 14d agoGain wealth, forgetting all but self
- teravor 14d 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.