"We're blocking this thing"
"Why, because it's bad?"
"No, because they they're not giving the right parties[1] a cut"
Never change government, never change.
[1] Based on my experience with casinos it's probably a bunch of make-work compliance industry and/or compulsory middle men who pretend to put a veneer of fairness on things
You need a license to operate in Spain. The license is fairly available (EU regulations enforce this). So, Polymarket is able to obtain a license if they wish to operate in Spain, if they follow the fair rules to obtain a license. Don't want to obtain a license? Don't want to follow the rules in Spain? No problem, but no business in Spain. Websites blocking works like that, too. Which makes sense: local law > remote law. Else I could host some websites selling LSD to Americans on the clearnet. No US government would accept that, zero chance.
Other countries such as USA work in a similar manner. Work permits such as green card, to name an example.
The people who complain about regulations and law either don't understand why they exist or how they work, or they have an interest in the abolishment of it because they benefit from that.
Then you get that BS about how USA is better off than EU. Well, if you're healthy, educated, and employed, sure. Otherwise? You can just use your eyes. Go drive through a rich and poor neighborhood in both. The poverty in USA is horrendous, and the effects are shown. We got poverty too, but not as severe. No need to go to that area between West and East coast. You can experience this right near the Bay Area. San Jose is supposedly a mess. I'd love to compare my visit to a Fry's in San Jose 2005 with today's.
> I'd love to compare my visit to a Fry's in San Jose 2005 with today's.
Fry's closed in 2021.
There you have it.
You can replace Spain in the article with any other jurisdiction and my comment would be unchanged.
This has nothing to do with US vs EU or any other trope you seek to my comment as being on a particular side of of a particular issue in order to get people of a certain bent to support whatever your side is (isn't team politics great).
Ask yourself this. If the license Spain is trying to enforce here had the exact same requirements but was granted by some 3rd party (industry consortium or whatever) and the government didn't care whether they held it would you still be acting like it's such a big deal for them to have it or not?
Does holding the license or not fundamentally change the nature of the business the license holder is in?
The government is essentially granting legitimacy to a bad thing here in exchange for some money being spent in the right directions and enough of it on "good things" that it's plausibly deniable.
And you can replace Spain with any other country (including authoritarian regimes) and my comment would be unchanged. It is a matter of respecting local jurisdiction, local law.
I didn't expect you to agree either. I wanted to inform the reader and lurker, not convince you. Why you have to resort to 'you are exactly the kind of person' is beyond me.
Since you decided to edit your post, so have I:
Yes, a government can outsource/delegate such, if the quality is good, why not? For example, the audit has to be thorough and the outcome non-discriminatory.
As far as I am concerned it is a very sick platform because (well anything related to cryptocurrency is) some of the bets are about dark things, seemingly allowed. For example, imagine being able to bet when the next murder of the Zodiac is happening, and how it'd occur. Same with the missile example. Should we therefore ban or regulate it? I don't know what is wisdom. But I do know EU and Spain can decide on this for themselves. One thing of note: insider trading is illegal in EU, yet Trump's clan hobby (yes, in past presidency it occurred as well, but not as severe, nor as ridiculous).
Regulation is good because somebody might buy LSD. Nice.
Yeah, LSD, or Janet Jackson's nipples, or something else which is highly illegal in USA, such as opiates. Or copyright infringement. Or whatever else is on the darknet. Called hypothetic examples.
On makework compliance:
"I really ought to throw this umbrella away. I know we're in a rainstorm, but I haven't gotten wet yet!"