justin.framedl.eth
@ahn.eth
monsieur makes $50m on an open platform and the french gov's first move is ban hammer how can we can more /europoooooor than this? 🫠
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Special Agent Royo
@hadrien
and what's the US first move?
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justin.framedl.eth
@ahn.eth
re: regulatory grey zones, historically i've seen that in the US it's "when it's grey you can play," while across the EU it's been "wait for state guidance before proceeding," which continues to still be the case imo 🤷
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Special Agent Royo
@hadrien
Polymarket isn’t even legal in the US…and paid 1.4 Million USD fine.. for being the in the “grey” area..
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Thomas
@aviationdoctor.eth
I think it’s a broader observation that coincides my own (having lived on both continents). The US approach tends to be, “legal unless explicitly stated otherwise”, vs the European approach tends to be, “forbidden unless explicitly allowed”
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justin.framedl.eth
@ahn.eth
this is imo a very euro way of looking at this: "look, polymarket was fined in the US, it's not any better!" firstly you asked re: the US, i initially did not compare the two; and secondly it seems that the $1.4m was treated as a "cost of doing business" as polymarket, a US company, seems to not care and even actively paid US influencers to promote their interface (currently offered via a panmanian shell co) to me, that's like when truck drivers in nyc choose to illegally park and rack up fines because making delivery business is ultimately still lucrative but i guess we'll see soon if US regulators choose to publicly react
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