Polymarket denies implementing full KYC, only requiring some users to verify for the beta product

BlockBeats News, May 28th, Josh Stevens, VP of Engineering at the prediction market platform Polymarket, responded to The Information's report on "Polymarket planning to require KYC from users due to compliance pressure," stating, "The report is inaccurate. Polymarket is currently testing a new beta product that only requires a subset of beta users to complete KYC verification during the testing phase. The existing Polymarket platform does not have any new KYC requirements. Furthermore, once this test product concludes its testing phase, users will no longer need to undergo KYC for regular platform usage."