Polymarket weighs KYC requirements amid global crackdown on prediction markets
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Polymarket is weighing KYC requirements, a potential shift from its pseudonym-based approach, amid a global crackdown on prediction markets. The move would require users to verify their identities, potentially impacting 100,000+ traders. This change could set a precedent for the industry, influencing other platforms to adopt stricter regulations and potentially limiting market accessibility.
The predictions market operator reportedly explored mandatory user verification requirements, breaking from its policies of allowing traders to access its services using pseudonyms.