Josh Stevens noted that verification is only required for access to the beta version of a new product for a limited number of users. He emphasized that KYC will not be necessary for existing Polymarket products. Stevens added that once the product exits the beta phase, KYC will still not be required. This clarification followed a report by The Information about the platform's intention to introduce mandatory KYC due to regulatory requirements. The platform is blocked in 35 countries due to concerns over illegal gambling. Verification could ensure that users from prohibited jurisdictions do not participate.