Polymarket clarifies no mandatory KYC will be added to the existing platform

Odaily reported that Polymarket's Vice President of Engineering, Josh Stevens, clarified in a post on X that the prediction market platform will not implement mandatory Know Your Customer (KYC) checks for its existing services. Stevens stated that KYC only applies to the early testing of a new Beta product available to a subset of users, and that it will not be added to any existing products. Furthermore, KYC will not be required once the Beta testing phase ends.



Polymarket currently faces access restrictions in several jurisdictions, including measures prohibiting users from placing orders or only allowing them to close positions. Brazil blocked 27 prediction market platforms, including Polymarket and Kalshi, in April. Similarly, Spain's gambling regulator restricted local users' access to Polymarket and Kalshi in May. (Cointelegraph)