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

ChrisMarshallNY

So Polymarket is a Web3 outfit?

skywhopper

Polymarket engages in scammy behavior?? Wait, isn’t that their entire business model?

forshaper

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?

ThomW

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

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

I'm sure this is true for thousands and thousands of companies.

dweez

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.

gordian-mind

"the wildly popular prediction market site that has flourished in President Trump's second term." The only purpose I could see for this intro is to prime the reader negatively before any argument.

xiphias2

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.

NDlurker

Water is wet

tick_tock_tick

What happened to the quality of NPR over the last dozen or so years it's just gotten worse and worse.

otterley

I'm shocked-- shocked --that a company with the integrity and upright moral character of Polymarket would have their registered agent located in Panama. https://en.wikipedia.org/wiki/Panama_Papers#Illegal_activiti... https://www.theguardian.com/news/2016/apr/03/the-panama-pape... (Wow. It's only been 10 years since the leak occurred? How time flies.)

exogeny

Polymarket is based in NYC, in Soho, on Crosby Street. Knock yourself out if you want to go find anyone there.

dayyan

"NPR finds 'no sign' of Polymarket's office; sources say the reporting team was 'deeply unsettled' to find a company operating without a mandatory 40-minute 'Land Acknowledgment' in the lobby."

fooqux

Isn't this grounds for having their domain name revoked?

OutOfHere

There is nothing to see here. Thousands of businesses, based both inside and outside the country, use a legal address where they don't have an office. Literally every out-of-state Delaware-registered firm does it.

balderdash

It’s such clickbait to purposely conflate the word headquarters with legal domicile / registered agent. I mean Garmin, Medtronic, Accenture, Aon etc are all non-us businesses but no one shows up in Switzerland looking for Garmin, they go to Kansas…