▲ Morromist 21 hours ago | parent [-]

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?

	▲	teravor 20 hours ago \| parent \| next [-]
		`> 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.
	▲	podocarp 20 hours ago \| parent \| prev [-]
		Gain wealth, forgetting all but self