Megan McCarty Carino

operations,

You know, they have to comply with know your customer regulations.

And so, you know, they have to verify people's identity.

That makes it easier to kind of go after people for insider trading and actually know who's who's trading.

But Polymarket on its offshore operations, it's anonymous and people bet with cryptocurrency anonymously.

So there have been a number of bills introduced in Congress.

I think at this point it's up to 10 bills introduced just this year.

A number of them have been bipartisan.

I think this is something that both parties are worried about.

And

they would sort of explicitly prohibit a number of the types of activities that I think people are concerned about, you know, maybe prohibit government officials from using these sites or prohibit certain types of contracts, like anything having to do with war or geopolitics.

This week there was,

A letter from a number of House Democrats calling on Polly Market to crack down on offshore war bets.

Of course, I think the, you know, the jurisdictional issues are interesting, but there's an idea that, you know, that there would be...

kind of a public interest of the United States in curbing that kind of activity, and therefore it could fall under U.S.

jurisdiction.

But it's certainly an area where there, I think, is a lot of interest and a lot of activity coming from lots of different directions.

You're very welcome.

It's hard to find topics of broad consensus in American life, but data privacy is one of them.

From American Public Media, this is Marketplace Tech.