How 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.
unironically yes, I think with the huge payday they get for being responsible for Microsoft they should also carry an equivalent responsibility when they cause social harms. Billionaires have gotten way too comfortable.
I hate them too, but arresting them for something that they simply cannot prevent due to technical limitations, since they cannot scan in realtime all the conversations happening on their platform, is Russian-style government action, not rule of law.
Before they built the platform this danger did not exist. There is no law of nature that says massive social media platforms that are too large to moderate effectively need to exist.
If they have built a thing they can't maintain that isn't bully for them and we should feel sorry that their best efforts aren't working well enough - it's proof that that thing (or at least the way they built that thing) isn't feasible.
If you can't do a thing safely and without harm, perhaps you should not be doing the thing? It blows my mind the number of tech people who just say "it's too hard to do it safely and without harm so we'll just do it anyway and externalize the damage to other people." Lazy, greedy, amoral douche bags.
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.
How 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.
He is breaking the law, and was under DOJ investigation for it until he bribed the president's son to call them off.
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From 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.
Trivial to make a polymarket account without KYC
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unironically yes, I think with the huge payday they get for being responsible for Microsoft they should also carry an equivalent responsibility when they cause social harms. Billionaires have gotten way too comfortable.
I hate them too, but arresting them for something that they simply cannot prevent due to technical limitations, since they cannot scan in realtime all the conversations happening on their platform, is Russian-style government action, not rule of law.
Before they built the platform this danger did not exist. There is no law of nature that says massive social media platforms that are too large to moderate effectively need to exist.
If they have built a thing they can't maintain that isn't bully for them and we should feel sorry that their best efforts aren't working well enough - it's proof that that thing (or at least the way they built that thing) isn't feasible.
If you can't do a thing safely and without harm, perhaps you should not be doing the thing? It blows my mind the number of tech people who just say "it's too hard to do it safely and without harm so we'll just do it anyway and externalize the damage to other people." Lazy, greedy, amoral douche bags.
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