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NPR finds "no sign" of Polymarket at its Panama HQ address

https://www.npr.org/2026/05/05/nx-s1-5807918/polymarket-panama-prediction-market
74•ilamont•1h ago

Comments

ChrisMarshallNY•54m ago
So Polymarket is a Web3 outfit?
jcgrillo•43m ago
"Court filings show the law office also did work for FTX"

If the shoe fits..

londons_explore•11m ago
It might as well be a regular website. The crypto bit adds nothing since 99.9% of users just use the webUI.
skywhopper•44m ago
Polymarket engages in scammy behavior?? Wait, isn’t that their entire business model?
EdwardDiego•23m ago
The part where all their legal troubles went away when one of the President's sons became an "advisor" says "yes".
raddan•12m ago
I don’t know why you were modded down because this is mostly true. They are still prohibited from operating in the US but it appears that regulators have no appetite to enforce the law.
forshaper•34m ago
I don't get it. Most companies registered in the state I live in, for example, are not actually located here. They simply receive mail through their registered agent there. Why would this be news?
Carioca•31m ago
> Why would this be news?

Mostly because international litigation is, let's say, fraught issues (as in "good luck!")

forshaper•27m ago
Yes. Is that news?
Extropy_•28m ago
They acknowledge this in the article as well, surprisingly enough.

> Corporate law experts say while there is nothing illegal about housing a business inside a shell company, the practice is often a strategic move to protect a firm's wealth or shield it against lawsuits and action from government regulators.

What is the thought process of someone writing this? Does this article have any meaningful or critical thought behind it?

forshaper•26m ago
I guess we're scratching our heads, and even we clicked.
janalsncm•20m ago
It isn’t newsworthy for people who believe the laws around corporate transparency and accountability are good enough.

Many people do not, which is why it is noteworthy, even if it is standard.

creatonez•20m ago
It is indeed already normal for rich people to do things that are sketchy as hell.

Maybe let's make it not normal?

JuniperMesos•7m ago
I really don't trust your definition of sketchy as hell and don't want it to have legal or normative force.
raddan•14m ago
On the other hand, most of the companies registered in Delaware are not trying to dodge US federal regulations. Polymarket is prohibited from operating in the US market. Nevertheless they have a substantial customer base in the US, and the part left unsaid in the NPR story, is that they’re probably also headquartered in the US. Almost definitely a violation of either gambling or securities regulations.
JuniperMesos•8m ago
Because NPR dislikes polymarket and thinks that reporting this will discredit them.
ThomW•25m ago
Why are Americans allowed to invest in a business that would be illegal if based in the US? Why can they be patrons? Idgi
NooneAtAll3•24m ago
to be fair, empty non-existing official office is nothing new. iirc, Delaware has a warehouse that's official residence of hundreds of corporations (for tax reasons)

I don't understand the rest of the article, tho... It complains that company that (officially) left the US market and already blocks US ips from participating... isn't doing enough? Officially there's no ground to demand more

If you really want to solve the problem - start hunting down unofficial means. Investigate influencers that started mentioning Polymarket out of the blue. Look into news outlets that decided to start mentioning polymarket as supposed proxy of popular opinion. Start advertizing campaigns against gambling addiction the same way as against smoking

hx8•22m ago
I'm sure this is true for thousands and thousands of companies.
EA-3167•6m ago
Maybe that should be discouraged? Even if you don't think so, most companies aren't de facto attempts to skirt gambling regulations while also incentivizing corruption and fraud in everyday life.
dweez•20m ago
If you follow Apple's official address to a lawyer's office in Delaware, don't be surprised that Tim Cook isn't there to greet you.
EA-3167•9m ago
For what it's worth the only "official address" I could find was Apple Park in Cupertino.
gordian-mind•15m ago
"the wildly popular prediction market site that has flourished in President Trump's second term."

I stopped reading here, as the only purpose I could see for this intro is to prime the reader negatively before any argument.

xiphias2•13m ago
There's an easy way for polymarket to have a nice office in a nice city in USA: legalize it there and have nice enough regulations and incentives for it to move there.

It would help a lot actually for protecting people's money instead of driving it offshore.

But it doesn't look like making USA compete in this $15B market is NPR's goal with this article.

BowBun•11m ago
Good on NPR. These markets are a cancer on society and should be outlawed further.
guizadillas•9m ago
why would they do that if the whole business depends on not having regulations?
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