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    NPR machte sich auf die Suche nach dem Hauptsitz von Polymarket in Panama. Es ist schwer zu fassen

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    1. NewsCards on

      > Polymarket, which is worth an estimated $15 billion, moved to its Panama base following scrutiny from American regulators. If Polymarket users have a legal dispute, the company’s terms of service states it will be resolved in a closed-door arbitration process in Panama.

      > But when NPR recently visited the law office listed as its home base in Panamanian government documents, there was no sign of Polymarket, nor the entity it does business as in Panama, Adventure One QSS Inc.

      > Instead, a nondescript corporate lobby opened into a large space with about a dozen unoccupied computer stations positioned in the middle of the room.

      This isn’t surprising, it’s SOP for corporations.

      Not to say investigations like this aren’t worth doing, many people don’t know how fucked the business world is, so the more people who read about this, the better (this is to head off the smartasses who go „well duh, this is pretty standard, why is NPR even writing an article about this“).

      Just because this is the way things are, doesn’t make it any less valuable to report on it and to educate people.

      We should all stay informed, expect better, and vote more.

    2. _Pewterschmidt_ on

      Legalized gambling on literally anything/everything…what could go wrong?

    4. SeyAssociation38 on

      Panama is trying to get rid of this by planning to levy a 15 percent tax on companies registered in the country that have no business operations in the country 

    9. MarcosEsquandolas on

      This is what unregulated poker sites did a lot back in the day. Shiiiiit, they even made a Ben Affleck/ Justin Timberlake movie about it. Setting up shop in offshore countries and (likely) bribing governments to allow them to operate there. Makes it harder for the US government to get at them, in case of repercussions, etc.

    13. harpers25 on

      Dumb article. „Registered office“ does not mean „headquarters“. It’s just the address of the registered agent. These are basically PO box services, it doesn’t somehow shield assets. Most large companies in the US use them too, and many small companies list the lawyer that filed their paperwork.

      For example, this article is on NPR. Search for National Public Radio, Inc. on the Washington DC Corporations Division:

      https://corponline.dlcp.dc.gov/homepage/business-info

      They list a registered agent office of 1156 15TH STREET NW, Suite 605, Washington, DC, 20005.

      That is actually an office for The Corporation Service Company. There
      is no NPR office there. Google the address and thousands of companies use it.

    15. InquisitorMeow on

      Someone get Nick Shirley on it surely he will investigate all the fraud and corruption.

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