Odaily Planet Daily reports: Josh Stevens, Vice President of Engineering at Polymarket, posted on X to clarify that the prediction market platform will not add mandatory Know Your Customer (KYC) checks to its existing services. Stevens stated that KYC applies only to early testing of a new Beta product for certain users; no existing products will be subject to KYC, nor will KYC be required after the Beta phase ends. Polymarket currently faces access restrictions in multiple jurisdictions, including prohibitions on user orders or limitations to closing positions only. In April, Brazil blocked 27 prediction market platforms, including Polymarket and Kalshi, and Spain’s gambling regulator also restricted local users’ access to Polymarket and Kalshi in May. (Cointelegraph)
Polymarket Clarifies No Mandatory KYC for Existing Users
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Summary
Polymarket announced on X that existing users will not be subject to mandatory KYC checks, with the policy limited to a new Beta product in early testing. The company confirmed no changes to current services, and KYC will not be required after the Beta phase. On-chain news indicates the platform remains restricted in Brazil and Spain. New token listings continue to attract attention across the market.
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