Polymarket's Rush to Grow Left a Door Wide Open for Fraudsters

Lots of especially younger people see unbridled ambition and rule-breaking as a virtue. Everything is about making money and if you're not the one getting it, or worse, you're the person being victimized, you're dumb and weak.

How about "Producer Reports" where companies are evaluated on whether they actually produce anything of value first and foremost as a benchmark.

Completely separate from the financial data which is already well-covered elsewhere. Investors are already supposed to get the most out of the money angle.

But for any one product most people are neither consumers of the product nor investors in the company.

These are the vast majority who would benefit from better information on whether a company is worth having around, for everyone in general who is not an avid consumer nor investor.

That would probably be more helpful for "innocent bystanders" who want to better avoid being assimilated by forces they have no interest in but could end up quite costly anyway.

"At one point, the processor rejected as fraudulent more than 80% of the deposits it was handling, a rate that far exceeded industry standards of roughly 1%. Polymarket employees quickly raised their concerns with Chief Executive Shayne Coplan, according to people familiar with the events.

The compliance team, those people recalled, was floored by Coplan’s response: Just keep growing and pay a fine if regulators ever find out."

At what point are you a casino and at what point are you just a utility for money laundering, insider betting, scams & fraud?

You missed the obvious one: it creates a path for people with insider knowledge to monetize it at the expense of employers, institutions, etc.

The guy using his access to classified information to make a few hundred thousand bucks in a day is not interested in "sharing the truth" for the benefit of society.