Crypto prediction market platform Polymarket settles with CFTC for $1.4 million

ICYMI: Crypto prediction market platform Polymarket settles with CFTC for $1.4 million

Polymarket, a blockchain-based prediction market platform, has settled with the US Commodity Futures Trading Commission.

"By no later than January 24, 2022, Polymarket will certify to the Commission that it has fulfilled these commitments and has made funds available for full redemption by market participants," the order continued. In its press release, the CFTC noted the startup's"substantial cooperation with the Division of Enforcement’s investigation of this matter in the form of a reduced civil monetary penalty."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheBlock__ /  🏆 464. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CFTC Fines Crypto Betting Service Polymarket $1.4M for Unregistered SwapsJUST IN: The CFTC has fined PolymarketHQ $1.4 million and ordered it to wind down certain markets by Jan. 14. nikhileshde reports
Read more »

Crypto predictions platform Polymarket fined $1.4M by CTFCThe CFTC has ordered Polymarket to pay a civil monetary penalty of $1.4 million along with winding back any markets on the platform that do not comply with CFTC and CEA regulations.
Read more »

Charles Hoskinson Criticizes US Crypto Taxation System, Mocking Crypto Projects with Dirty TitlesCardano founder is criticizing the US system of taxing crypto, also mocking cryptocurrency projects with titles related to sex
Read more »

First Mover Asia: Bitcoin Rides $46K-$48K Weekend Tide After ‘Crypto Witching Day’Bitcoin’s price ranged between $46,000 and $48,000 during the weekend, after “crypto witching day” ended Friday with the expiration of roughly $8.67 billion worth of bitcoin and ether options contracts. MuyaoShen , GregAhl , JPRubin2 report.
Read more »

13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUM – Exchanges Bitcoin NewsThe group of 13 crypto exchange platforms hold a whopping $165.25 billion worth of bitcoin, ethereum, and tether reserves.
Read more »