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3232CFTC Fines ‘Decentralized’ Prediction Market Platform Polymarket $1.4 Million, Shuts Down Noncompliant Markets
https://www.digit.info/cftc-fines-decentralized-prediction-market-platform-polymarket-1-4-million-shuts-down-noncompliant-markets/
Tue, 04 Jan 2022 01:30:45 +0000https://www.digit.info/2022/01/04/cftc-fines-decentralized-prediction-market-platform-polymarket-1-4-million-shuts-down-noncompliant-markets/Read more]]>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 […]
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 […]