CFTC Fines 'Decentralized' Prediction Market Platform Polymarket $1.4 Million, Shuts Down Noncompliant Markets

in Steem Links • 3 years ago

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The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets,'” said the derivatives regulator.
CFTC Fines 'Decentralized' Prediction Market Platform Polymarket $1.4 Million, Shuts Down Noncompliant Markets

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3 years ago in Steem Links by
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