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After Kalshi tried in June 2023 to list contracts on which political party would control the House of Representatives and Senate, the CFTC blocked the new product, arguing that political gambling ...
The 2022 settlement with the Commodity Futures Trading Commission required Polymarket to pay a $1.4 million penalty for operating an illegal unregistered "event markets" that allowed users to bet ...
Polymarket is an American cryptocurrency-based prediction market, headquartered in Manhattan, New York City. Launched in 2020, it offers a platform where investors can place bets on various future events, including economic indicators , weather patterns, awards, as well as political and legislative outcomes.
Polymarket agreed to block access in the US after reaching a settlement with the Commodity Futures Trading Commission and paying a $1.4 million penalty in early 2022.
The FBI has raided the home of Polymarket chief executive Shayne Coplan as part of an investigation into the crypto betting platform.. Federal law enforcement agents seized the 26-year-old CEO’s ...
Polymarket ads have flooded social media ahead of the election. ... The advertisement was seen the most in California, New York, and Texas with 16%, 11%, and 10% of viewers located in these ...
The increased scrutiny of Polymarket comes after a trader revealed to be a French national bet $30 million on a win for Trump on the platform. The "whale" saw about $48 million in profits on the ...
The defiant response so far by Coplan and Polymarket may reflect—appropriately enough—a wager that regulators will stand down in reaction to Polymarket’s popularity with the incoming ...