Comment by miki123211
1 day ago
> a more robust regulator would call them out
Calling them out is one thing, but do you think the US could realistically stop them?
I don't know much about Polymarkets governance structure, if it's a decentralized smart contract, the US is DOA. Even if it's not... the Pirate Bay wasn't, the US really tried to stop them, and they basically didn't get anywhere.
Looking it up, it seems like the CEO actually got raided by the FBI last year: https://www.reuters.com/world/us/fbi-raids-polymarket-ceos-h... So maybe the wheels of justice are just grinding a bit slowly. The terms of use want to have Panamanian law apply https://polymarket.com/tos but that doesn't provide much protection when the company is physically operating in the US.