Yes, I think they should implement KYC pretty darn quick, and perhaps there’s more they can do. But he didn’t make the death threats.

>(why do all billionaires seem devoid of ethics?)

The type of person at the top of a hierarchical system is always a direct reflection of its play rules. In late-stage internet capitalism you win by being the most unhinged and un-emphatic. Today's young adults grew up on twitter, 4chan, video game gambling and with influencers telling them that the only thing that matters is material wealth and status. This culture has moved more and more into the mainstream in the last decade.

> why do all billionaires seem devoid of ethics?

why do all NBA players seem so tall?

A sane system doesn't "throw" human beings in jail for flippant and arbitrary reasons. Sociopaths exploit this, to be sure.

>A sane system would just throw him in jail.

<facepalm>

A capricious system that interprets based on whim, politics and influence is a large part of how we got here.

People like this and their less than moral path in which they further their endeavors succeed specifically because of this environment.

Polymarket is basically a platform to monetize petty stuff while also being able to monetize bad stuff. There is soooo much pressure to monetize bad stuff that once you poke a hole it's an uncontrolled leak. Polymarket recognized this, used it to scale, and then wisely used that money to get the legitimization and buy in that they needed to make the system (capriciously) say "this is fine for now you can keep going".

They basically pulled a "actually Mr. Banker, I owe you so much money that it's your problem" but for insider information. The other metaphor you could use if people with a steady supply of prescription opioids don't turn to street drugs.

KYC is nothing sane. in what world does anything give you or anyone else the right to decide to probe people up their rear end just because they want to do business? people like you are extremely dangerous.

loads of banks all over the world now demands to know what you plan to spend the money on just to withdraw a bit cash. Some will even deny you saying "well.. you shouldnt buy a new car anyway". all the KYC shit. how about just no?

yea just throw the CEO of microsoft in jail too because illegal transactions are set via Xbox live.

Putting aside this is sort of a knee-jerk reaction, if this was actually implemented you’d just see the role of the CEO change to basically be a highly-paid fall-guy. People in those positions today would vacate them for quieter roles behind the scenes, and corporations would put greater effort forth to hide their decision making processes. I don’t think it would be a better system.