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There is no need More information about Polymarket. The government says that all this special forces officer and a long-time Google employee used the prediction market to make small fortunes through insider trading; CEO Shayne Coplan had his own house attacked and FBI agents, who infiltrated through assault weapons; and one of his managers says payers through his PayPal account to destroy the company.
But one of the most surprising things about Polymarket has not yet been received: What is happening with the Panamanian company that it set up to comply with the decision it made with the government? And why, as the WIRED report points out, do some of the Panamanian company’s employees appear to have worked from New York?
Market forecasting and relationships are Donald Trump Jr. they have an incredibly confusing setup. In 2022, federal regulators said it was operating as an unlicensed exchange, banned it from the country, and banned it from serving US customers. Before the ban, Adventure One QSS, a corporate body in Panama, was established, as first report and Sportico. Adventure One QSS is set up on land so it can take it’s over functional roles on the Polymarket platform. Another US outfit, Polymarket US, was founded in 2025 and is managed by a company called QCX LLC. To date, Polymarket US is the only Polymarket platform that can legally serve US customers.
Despite this, WIRED found that the Adventure One QSS had crews from the US. Former Polymarket employees tell WIRED that some Adventure One QSS employees live in New York, including some who work at the company’s headquarters in Manhattan.
These workers did not go to Panama, explain to anyone in Panama, or interact with the workers in Panama-because they say, there were no workers there. Instead, he says, the Adventure One QSS crew is spread across several other countries, including the US.
The best points of this system are important. The 2022 settlement fines Blockratize – an organization affiliated with Polymarket – $1.4 million and orders it to “reduce” markets that violate the Commodity Exchange Act. The agreement also required the company to stop violating the CEA and other rules of the Commodity Futures Trading Commission. Former CFTC staff members view the position of Adventure One’s employees as part of the deal. “We would have liked to know that the Panamanians were not in Panama,” a former CFTC attorney told WIRED.
Like Sportico he said, Adventure One QSS said first name Residents of Panama on its incorporation papers in 2021, including Mario Ernesto García de Paredes, a lawyer who is known as the “supporter” of the company. A woman named Diana Munoz was appointed president of the company for two months before being replaced by Polymarket CEO Shayne Coplan, who lives in New York. Another man who appears to be living in Panama, Omar Camargo, is listed as secretary. García de Paredes did not respond to WIRED’s request for comment, and Munoz and Camargo could not be reached for comment on their roles. Munoz and Camargo appear to have worked together before; they it is written as the administrator of the data protection associated with a company called the Internet Art Foundation.
WIRED’s reports corroborate earlier reports from NPR, which found that the company’s headquarters in a skyscraper in Panama City did not exist and the company had no employees in Panama. In contrast, the Adventure One QSS staff in the United States are reported to have been successful and present. A former employee of Polymarket said that the New York workers who “touched the codes,” set up contracts for events, or participated in offshore locations were all working at Adventure One QSS, “but there was no barrier” to distributing the company’s equipment in practice.
