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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.
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 ...
At the light end, Polymarket’s former regulator—the Commodity Futures Trading Commission—may have complained to the Justice Department about U.S. residents still betting through the site, in ...
Polygon is the blockchain platform which runs Polymarket, [18] the world's largest prediction market. [19] [20] Polymarket is the first crypto dApp to reach mainstream. [21] [22] In July 2022, Polygon participated in Disney's 2022 acceleration program to expand into augmented reality, NFTs, and AI. [23] [24]
Founded by Shayne Coplan, [2] Polymarket launched in 2020 as an online prediction market platform that would allow users to trade on the outcome of world events. [3] The company was founded on the idea that by providing real time forecasts on events as they unfolded, Polymarket could function as an alternative to traditional news sources. [1]
Polymarket declined to comment on those allegations but a spokesperson said the FBI raid was "obvious political retribution by the outgoing administration against Polymarket for providing a market ...
Polymarket declined to comment for this story, but a person familiar with the company said it was unlikely the court ruling would result in any sites offering bets in the U.S. on the presidential ...