NPR finds "no sign" of Polymarket at its Panama HQ address (opens in new tab)

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?

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.

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

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…

Why are Americans allowed to invest in a business that would be illegal if based in the US? Why can they be patrons? Idgi

Not the first time. Tether's "bank" for multiple years had been a tiny house at Bahamas, barely barely as big as a gas station shop. And supposedly it held 100+ billions real US dollars :) . These scammers aren't concerning themselves with even a false facade, as long as government explicitly allows them to operate. And no bribes... ahem... lobbying is involved.

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

So Polymarket is a Web3 outfit?

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

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

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.

"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.

Water is wet

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.)

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

"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."

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

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.