Josh Stevens, VP of Engineering at prediction market Polymarket, said there are no plans to apply Know Your Customer (KYC) procedures to existing services. According to Cointelegraph, regarding reports that Polymarket was considering introducing KYC, he emphasized, "We are launching a new beta product for some users, and the KYC procedure is only used for accessing the beta service during the initial testing period," adding, "The KYC procedure will not be added anywhere on the existing Polymarket website."