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CoinDesk Podcast Network
CARPE CONSENSUS: Can You Put a Price on Decentralized Governance? Polygon and DraftKings Did
Nov 30, 2023
Journalist Danny Nelson reveals how Polygon gave preferential treatment to sports betting company DraftKings in their validator community. They discuss the lack of transparency, ethical implications of partnerships, and the release of NFTs for charity.
20:23
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Quick takeaways
- The undisclosed financial incentives in the Polygon-DraftKings partnership raise concerns about the true decentralization of the network.
- Lack of transparency in financial arrangements between companies in the crypto industry can create a misleading impression of decentralization and undermine trust in the sector.
Deep dives
The Polygon-DraftKings Partnership: Undisclosed Incentives and Lack of Decentralization
The podcast discusses an important story related to a partnership between Polygon and DraftKings. It is revealed that Polygon was paying DraftKings millions of dollars worth of crypto to be a part of its network. This raises concerns about the true decentralization of the network, as the arrangement between the two entities was not publicly disclosed. Furthermore, the tokens that DraftKings received for staking came directly from Polygon, which is not a common practice among other validators. This undisclosed and financially motivated partnership raises questions about transparency and the integrity of the network.
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