A lawsuit would just be the "cost of doing business" for Polymarket. Until there is no skin in the game, there will be no change or accountability.
If CISOs can be held criminally liable for data breaches, the rest of C-suite can be held criminally liable for their own decisions as well.
In this case, the guy knowingly operates a betting market that illegally does not require KYC.
On the other hand, what often happens with high level corruption cases in my country is that people go to jail for a few years, but none or next to none of the money is ever recovered. So quite a few crooked politicians and business man just accept prison as nothing more than an unpleasant bump on the way to getting extremely rich, and roll with it. So you actually need a combination of both money and personal fault for really fixing some of this.
>In this case, the guy knowingly operates a betting market that illegally does not require KYC.
It's not illegal where he is. You can't go around arresting people in other countries just because they don't follow your country's law.