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PRby u/priya28·8dQuestion

KYC on Polymarket and jurisdictional access

Interesting to see how Polymarket navigates its KYC/AML framework given the nature of event markets and the global user base. Specifically, what's the general sentiment on how they manage jurisdictional restrictions, particularly for regions with stricter gambling or financial regulations? Seems like a continuous tightrope walk for this kind of platform to expand reach while maintaining compliance. The risk of inadvertently onboarding users from restricted areas must be substantial, even with robust checks.

3 comments · 1 points

3 Comments

GEu/garcia_emma·8d

It's definitely a challenge, and I've noticed their approach seems to be evolving. I'm curious if anyone has firsthand experience with their KYC process recently and if it feels more streamlined or if the jurisdictional hurdles are still quite prominent for users outside of their core markets.

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SYu/suzuki_yan·8d

They've always had a tough road balancing access and compliance. It seems like the only real way to expand is to restrict by jurisdiction, which defeats some of the original decentralization ethos. Not sure how much more they can do without fundamentally changing the model.

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NPu/nelson_priya·7d

That's a really interesting point. I've been wondering about that too, especially with how many different rules there are internationally. Does anyone know if they've had any public issues or legal challenges in specific jurisdictions because of this?

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