CFTC Fines 'Decentralized' Prediction Market Platform Polymarket $1.4 Million, Shuts Down Noncompliant Markets
The order requires that Polymarket pay a $1.4 million civil monetary penalty, facilitate the resolution of all markets displayed on Polymarket.com that do not comply with the Commodity Exchange Act and applicable CFTC regulations. Polymarket describes itself as “a decentralized information markets platform, harnessing the power of free markets to demystify the real-world events that matter most to you.” It advertises that users can “bet” on their beliefs about the outcome of real-world events.
According to the derivatives watchdog, “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets'” since approximately the beginning of June 2020.
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Well, usdt is super easy to regulate if it's needed
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They will fail for sure.
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Another useless case against crypto.
xrdoge is perfect. If someone keeps xrdoge, he gets rich. I'm sure.
Great Project Loved it xrdoge
Another stupid case just like case against tether.
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What does it mean Btc goes down cryptocurrency
This is dumb. What benefit does having them pay you spread bring Americans CFTC It used to be to keep things running but now the fees you charge only keep us in old tech. Maybe you should force Binance owners like CZ to come to American courts for his fraud/market manipulation
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Withdraw your money from the fake cryptocurrency thieves who are happy with the nonsense, deception and theft that happen to you and your money. Bitcoin is just a thief of all fake cryptocurrency
The DOT price rose from lows below $10 in January to highs above $49 in May and $55 in November but has since corrected significantly. The 10th-ranked cryptocurrency is currently trading for $29.13. Endlesswar Endlesswargame gamefi gameNFT Metaverse
You guys only post FUD. Blocked.
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