Polymarket denies full implementation of KYC, only requiring some user verification during the testing phase.


Polymarket denies full implementation of KYC, only requiring some user verification during the testing phase.
Prediction market platform Polymarket Vice President of Engineering Josh Stevens responded to the report that "Polymarket plans to require users to complete KYC due to compliance pressures," stating that the report is false.
Currently, Polymarket is testing a new beta product, which only requires some trial users to complete KYC verification during the testing period; the existing website has not added KYC requirements.
Next, three things need to be monitored: whether relevant funds continue to flow in, whether on-chain trading volume and positions continue to expand, and whether the project team or regulators provide new confirmation information.
A single news flash can only indicate that sentiment has been ignited; subsequent data will determine whether it can solidify into a trend.
Risks should also be considered: after testing ends, users will no longer need KYC to use the product.
#链上数据 #Regulation #区块链 #Crypto Market #CryptoCircle
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