Polymarket’s Corporate Structure Is a Mystery—Even to Some of Its Former Employees
Polymarket faces scrutiny over its complex corporate structure, specifically regarding its Panama-based entity, Adventure One QSS. Reports suggest that despite being established to comply with US regulations, the company has employed staff working directly from New York.
Why it matters
The investigation highlights potential regulatory evasion and the challenges of overseeing decentralized or offshore-based prediction markets.
But one of the biggest oddities about Polymarket has remained somewhat overlooked: What’s going on with the Panama-based company it set up to comply with a settlement it made with the federal government? And why, as WIRED’s reporting suggests, do some employees of the Panamanian company appear to have worked from New York?
The article reports on factual discrepancies and regulatory concerns without taking a political stance on the platform's content.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in