As authorities in global jurisdictions continue to restrict or block access to prediction markets like Polymarket, the company was reportedly considering making it mandatory for users to identify themselves.

Spain blocked Polymarket and Kalshi on May 26, the latest in a growing wave of international crackdowns on prediction markets.

Polymarket pushes KYC identity checks on traders amid OFAC sanctions risks, VPN abuse, and growing legal pressure, a recent report details.

As authorities in global jurisdictions continue to restrict or block access to prediction markets like Polymarket, the company was reportedly considering making it mandatory for…

Polymarket’s clarification follows a report on possible user verification as the prediction market faces wider global restrictions.

Polymarket VP Josh Stevens clarified that KYC requirements apply only to a new beta product, not the core platform processing over $10B in monthly volume.

Josh Stevens addresses compliance fears at Polymarket while Kalshi pressures for better policies in the prediction market.