Does Polymarket do know your customer/ anti money laundering checks? I have not checked that out yet.
I know Betfair introduced premium charges on winners many years ago and is restricted from operating in many countries but the original idea of peer to peer gambling was such a good one to give value to a regular customer whose alternative was a bookmaker.
I didn't have to do any KYC stuff. It might kick in for larger accounts / stakes, but I think the potential is here for decentralized (unrestricted) peer-to-peer gambling if the technology continues to evolve in this space.
I like the sound of that!