justin.framedl.eth pfp
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 pfp
Special Agent Royo
@hadrien
and what's the US first move?
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justin.framedl.eth pfp
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 pfp
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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justin.framedl.eth pfp
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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Special Agent Royo pfp
Special Agent Royo
@hadrien
I thought that when you said “euro” you meant to compare or contrast negatively with the US. Considering Polymarket is French btw. Must have misunderstand my bad.
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justin.framedl.eth pfp
justin.framedl.eth
@ahn.eth
i am certainly negative on it, but have no reason to compare it with anywhere else as there isn't anywhere else doing it any significantly better 🫠
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Special Agent Royo pfp
Special Agent Royo
@hadrien
wow I was totally wrong.. I thought it was registered in the Cayman Island and ceo was french somehow I must have confused with something... Well... feel free to dunk on euro then haha
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justin.framedl.eth pfp
justin.framedl.eth
@ahn.eth
not meant to dunk on euros, just meant to lament constant knee jerk reactions by the state of a country with so much potential to drive crypto innovation 😭 1000 $degen
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Special Agent Royo pfp
Special Agent Royo
@hadrien
on a side note, Governement trying to stop crypto by any means should be seen as a validation that it works! No incumbent governement in the world is going to be accepting of Political Prediction Market (unless they are non-professional like Trump) because it ridiculizes mainstream media and the system they worked hard to break into
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