FBI busts 26-year-old bookie

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MrTop

EOG Master
i did not know that polymarket was not registered with the SEC

that is why they went after him.. his mistake
 
raiders72001

raiders72001

1
MrTop said:
but they did...he still needed to register with the SEC...those rules were set in 2022...

that is why they went after him
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Polymarket isn't under the jurisdiction of the SEC. They were fined by the CFTC and some deal was worked out. Polymarket is regulated by the CFTC. It looks like all crypto will be regulated by the CFTC after Trump's elected.
 
M

MrTop

EOG Master
raiders72001 said:
Polymarket isn't under the jurisdiction of the SEC. They were fined by the CFTC and some deal was worked out. Polymarket is regulated by the CFTC. It looks like all crypto will be regulated by the CFTC after Trump's elected.
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it is not registered with the Commodities futures exchange..
polymarket settled with civil regulators over the issue in 2022

but the past is the past trump has nothing to do with it...just the future of it

he was arrested not because of politics but because he broke the law...the feds see where all crypto goes by chainalysis ..they know he took bets by people overriding the system
you have to register...that requires names of the bettors i would not doubt ..he did not do that

if i bet nothing happens to him at the end ...why? kalshi sued in 2023 and won to take bets on elections
 
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raiders72001

raiders72001

1
MrTop said:
it is not registered with the Commodities futures exchange..
polymarket settled with civil regulators over the issue in 2022

but the past is the past trump has nothing to do with it...just the future of it

he was arrested not because of politics but because he broke the law...the feds see where all crypto goes by chainalysis ..they know he took bets by people overriding the system
you have to register...that requires names of the bettors i would not doubt ..he did not do that

if i bet nothing happens to him at the end ...why? kalshi sued in 2023 and won to take bets on elections
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You don't have to register. You connect to any DeFi wallet such as Metamask. You are right about chainanylsis being powerful. To get around that you would purchase crypto at a non-KYC exchange and then transfer to Metamask then to Polymarket. Then back Polymarket, Metamask to no-KYC exchange. No one knows the identity right now. So you make a trade to Monero. The government has a bounty on the person that can crack Monero's code. Since they can't break the code now, the money is untraceable.

If you want to be stupid and purchase from Coinbase or Kraken, then you're busted. These offshore no KYC exchanges aren't going to share any info with the US govt. You may be right about the motives, I'm just guessing and feel it's retaliatory.
 
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railbird

railbird

EOG Master
Nate Silver and the university polls should be prosecuted, they lie on purpose, if they dont lie they get fired
 
M

MrTop

EOG Master
raiders72001 said:
You don't have to register. You connect to any DeFi wallet such as Metamask. You are right about chainanylsis being powerful. To get around that you would purchase crypto at a non-KYC exchange and then transfer to Metamask then to Polymarket. Then back Polymarket, Metamask to no-KYC exchange. No one knows the identity right now. So you make a trade to Monero. The government has a bounty on the person that can crack Monero's code. Since they can't break the code now, the money is untraceable.

If you want to be stupid and purchase from Coinbase or Kraken, then you're busted. These offshore no KYC exchanges aren't going to share any info with the US govt. You may be right about the motives, I'm just guessing and feel it's retaliatory.
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all i am saying is polymarkets was not registered is why they got pinched... if i had to bet he doesn't go to jail but a fine will be there.
chainanylsis has former fbi people there

kalshi exchange was not pinched....why ? he is registered
 
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raiders72001

raiders72001

1
MrTop said:
all i am saying is polymarkets was not registered is why they got pinched... if i had to bet he doesn't go to jail but a fine will be there.
chainanylsis has former fbi people there

kalshi exchange was not pinched....why ? he is registered
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I understand everything that you are saying. The only thing that I was saying is that you can hide if you want.. He can buy BTC from a non-KYC exchange. No one knows his name or any part of his identity. Polymarket , Chainalysis can see the SOL transactions between the no KYC exchange and Polymarket but there is no identity anywhere here.

Now the normal person isn't going through all that trouble. They are buying directly from Kraken or Coinbase. The whale bought through Kraken. They know those identities so you are right they know all the US people playing there.

kalshi is US only. It's regulated by CFTC.
 
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