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Comment Re:Does Polymarket ban people? (Score 1) 159

I'm thinking if the IRS doesn't already, they are going to want an SS tied to the account.

What the IRS wants is some distance from what they actually have. Or crypto would have no use in gray/black markets. Which it does.

the real casinos do rat you out on a big win to the IRS.

They simply comply with the applicable laws since they have fixed assets which can be seized by the courts. I imagine that the IRS would like Polymarket to attach an SSN to each users account. But this isn't likely under the current administration. But forgetting about Trump for the moment*, private equity and debt markets are very popular right now. In many cases, to keep the public from front-running financial deals. So that will create push back against such regulations.

*The growth of private finance predates Trump #45. It really took off during the Clinton administration.

Comment Re:So the Iranians should bet on 'no' (Score 1) 159

Sort of, yeah. Particularly in Iran, not believing in the supreme leader (Ayatollah) makes you a heretic. Which is punishable by death. Sunni Islam doesn't put the same focus on a designated Imam. Which is why The Shia (Iranian brand of Islam) doesn't get along well with them. Or anyone else.

There are many Muslims that believe in the teachings of the Koran, but don't accept one true leader of the faith. Or they accept one, but believe in a separation of secular law and life from the theocracy (i.e., no Caliphate). This too, can be heresy in Iran.

Comment Re:Does Polymarket ban people? (Score 1) 159

Maybe they could just turn over to interpol the identities of every last one that made a bet on this

How? This is a cryptocurrency market. Polymarket might have nothing more than a wallet ID. The best they could do is probably turn the complaint over to the authorities having jurisdiction (NYC in this case) and get a court order to invalidate all the bets on this particular event*. Nobody gets paid, but nobody loses their bets either.

*This assumes that PM doesn't already have such language in their terms and conditions. And my guess is that they'll probably add some.

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