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Kalshi responded by announcing it would make the contracts available this week, but the CFTC has sought an emergency stay of the decision before it decides whether to appeal the ruling.
Founded in 2020 by Shayne Coplan, [3] Polymarket is a prediction market that allows users to gain/lose on the outcome of world events. [4] In January 2022, Polymarket was fined US$1.4 million by the Commodity Futures Trading Commission (CFTC), and received a cease and desist order for regulatory violations, including failure to register as a Swap Execution Facility.
Did you really think we’d stop talking about prediction markets after the election? Perhaps the best-known one, Polymarket, burst back into the spotlight on Wednesday after the FBI raided the ...
NEW YORK (Reuters) -Federal law enforcement agents raided the downtown New York home of Polymarket CEO Shayne Coplan on Wednesday, seizing his phone and electronics, the company confirmed. The ...
The FBI raided Polymarket CEO Shayne Coplan's home on Wednesday, a company spokesperson said. Polymarket received attention this year after predicting the outcome of the US election.
Plus: Democrats admitting big cities have big problems, Tulsi Gabbard's appointment, and more...
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Presidential elections elevate new faces to the national stage. That includes the candidates, of course, but also figures like CNN’s John King or stats guru Nate Silver who have taken on a ...