Polymarket's Customer Data Sought by CFTC Subpoena of …
1 day ago · Copies of the emails shared with some customers have circulated on social-media sites, and those warnings about the U.S. Commodity Futures Trading Commission (CFTC) requests are accurate, the ...
Coinbase Says It Received Subpoena in CFTC’s Polymarket Inquiry
1 day ago · Polymarket, where people can bet on the outcome of events such as elections and sports matches, has been under regulatory scrutiny for several years. In 2022, the company settled CFTC charges that it offered off-exchange event-based binary options in New York City and failed to obtain designation as a designated contract market.
Coinbase Reportedly Subpoenaed by CFTC for Customer Data in Polymarket …
1 day ago · The Commodity Futures Trading Commission (CFTC) has reportedly issued a subpoena to U.S.-based cryptocurrency exchange Coinbase, seeking customer data in connection with the crypto-based prediction market platform Polymarket. ... has been inaccessible to U.S. residents since 2022 due to a $1.4 million settlement with the CFTC. The settlement ...
Coinbase faces CFTC scrutiny in ongoing Polymarket investigation
16 hours ago · This is because Americans are banned from the platform after the CFTC accused Polymarket of failing to register with the agency three years ago – a case the company settled by paying a $1.4 ...
Coinbase subpoenaed by CFTC in Polymarket investigation, …
1 day ago · In all, Polymarket gamblers spent more than $3.7 billion placing bets on the presidential election. Active Polymarket traders reached a new peak of 314,500 in December. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block.
Coinbase Receives CFTC Subpoena for Customer Data Related to Polymarket
2 days ago · Coplan told Decrypt last year that Polymarket was a more useful tool for assessing political outcomes than conventional polls. “The incoming administration looked heavily at Polymarket forecasts throughout the election cycle, which is incredible news,” he said.. The CFTC has raised concerns about the potential of political event contracts to …
Coinbase Subpoenaed Over Polymarket Involvement, Federal
22 hours ago · The Commodity Futures Trading Commission has issued a subpoena to cryptocurrency exchange Coinbase (NASDAQ:COIN) regarding its association with the prediction platform Polymarket ...
Coinbase reportedly informs users of CFTC subpoena involving Polymarket
1 day ago · Though headquartered in New York, Polymarket has been inaccessible to US residents since 2022, following a $1.4 million settlement with the CFTC that accused the firm of running an unregistered ...
CFTC Orders Event-Based Binary Options Markets Operator to Pay …
Jan 3, 2022 · The order further finds that Polymarket has offered more than 900 separate event markets since its inception, while deploying smart contracts hosted on a blockchain to operate the markets. Polymarket creates, defines, hosts, and resolves the trading and execution of contracts for the event-based binary option markets offered on its website.
Polymarket Under CFTC’s Microscope, Rostin Behnam Threatens …
Sep 18, 2024 · Polymarket’s 2024 U.S. Election market has over $900 million wagered on it so far. Vitalik Buterin, Coinbase, Gemini, and Robinhood are against the CFTC’s proposal to ban event contracts.
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