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CFTC Fines ‘Decentralized’ Prediction Market Platform Polymarket $1.4 Million, Shuts Down Noncompliant Markets

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The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets,’” said the derivatives regulator. CFTC Takes First Crypto … Read more

Yolo Investments Firm Makes First Portfolio Exit With 5.8x ROI

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PRESS RELEASE. Gaming venture capital firm Yolo Investments (formerly known as Vereeni Investments) exited its investment in Estonia-based online gaming and sports betting operator Coolbet for an impressive 5.8x return. The acquisition of Coolbet by GAN Limited marks the first start-to-exit investment in Yolo’s portfolio. General Partner and Founder of Yolo Investments Tim Heath said: … Read more

Wolf.bet Is a Provably Fair Gambling Casino Supporting Multiple Cryptocurrencies

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Have you been looking for an online gaming platform you can trust with your digital assets and that won’t bother you with cumbersome identification procedures? Wolf.bet is a 100% provably fair gambling casino supporting multiple cryptocurrencies, without KYC and a great lineup of additional features. A Fun Crypto Casino at Your Fingertips Wolf.bet is a … Read more

Despite Covid-19 Negativity, Crypto Prediction Markets Say Trump Wins the 2020 Election

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According to a number of crypto prediction markets and futures, Trump will still win the election in 123 days, but his chances have lessened a great deal. No matter who wins, however, the large sums of money flowing into these wager platforms indicate that people love to bet on election outcomes. It’s been roughly four … Read more