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Polymarket Clarifies No Mandatory KYC on Existing Platform Amid Regulatory Pressure

GateNews

Regulation & Policy Prediction Market Exchange Risk

2026-05-28 17:33:41

According to Polymarket VP of Engineering Josh Stevens, the prediction market platform will not add mandatory Know Your Customer checks to its existing service, only to a new beta product during early access. Stevens stated on X that once the product leaves beta, no KYC will be required and that verification checks will never be added to the main polymarket.com platform. The clarification comes as Polymarket faces growing jurisdictional restrictions, including Brazil's April block of 27 prediction market platforms and Spain's May precautionary measures against the platform.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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